In analyzing accounts to determine which adjusting entries are necessary, accountants should determine

Question

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In order to determine the necessary adjusting entries, accountants must review all accounts to ensure that the recorded amounts for assets and liabilities are correct (A), identify any revenue or expense adjustments needed (B), and determine which accounts require debits or credits (C). Therefore, all of these options are correct and important factors in analyzing accounts for adjusting entries.

In Analyzing Accounts to Determine Which Adjusting Entries Are Necessary