Adjusting entries from the worksheet
A) are journalized and posted to the ledger.
B) are posted directly to the ledger.
C) are closed to the Income Summary account.
D) affect only balance sheet accounts.

Question

Quizplus · Accepted Answer

Adjusting entries from the worksheet are journalized and posted to the ledger to ensure that the accounts accurately reflect the accrual accounting system. This step is necessary before preparing the financial statements.

Adjusting Entries from the Worksheet