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    Accounting What the Numbers Mean Study Set 1
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    Exam 4: The Bookkeeping Process and Transaction Analysis
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    The Effect of an Adjustment Is
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The Effect of an Adjustment Is

Question 25

Question 25

Multiple Choice

The effect of an adjustment is:


A) to correct an entry that was not in balance.
B) to increase the accuracy of the financial statements.
C) to record cash receipts and payments not previously recorded.
D) to close the books.

Correct Answer:

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