Multiple Choice
Which one of the following is not a justification for adjusting entries?
A) Adjusting entries are necessary to ensure that revenue recognition criteria are followed.
B) Adjusting entries are necessary to ensure that expense recognition criteria are followed.
C) Adjusting entries are necessary to enable financial statements to be in conformity with IFRS or ASPE.
D) Adjusting entries are necessary to bring the general ledger accounts in line with the budget.
Correct Answer:
Verified
Correct Answer:
Verified
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