Adjusting the books is done ________.
A)every time a sale is made
B)every time an asset is purchased
C)as expenses are used up
D)at the end of every accounting period

Question

Quizplus · Accepted Answer

Adjusting the books is done at the end of every accounting period to ensure that all revenues and expenses are properly recorded and to update the asset and liability accounts to reflect their current values. It is not necessary to make adjustments for every sale or asset purchase, and expenses are typically recorded at the time they are incurred rather than when they are used up.

Adjusting the Books Is Done ________