Multiple Choice
Why is it necessary to make adjusting entries?
A) The accountant has made errors in recording external transactions.
B) Certain facts about the affairs of the business are not included in the ledger as built up from external transactions.
C) The accountant wants to show the largest possible net income for the period.
D) The accountant wants to show the net cash flow for the year.
Correct Answer:
Verified
Correct Answer:
Verified
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