Multiple Choice
Which of the following is(are) true regarding the characteristics of adjusting entries?
A) Adjusting entries reduce the balance of revenue,expense,and dividend accounts to zero.
B) Adjusting entries allow for the proper recognition of revenue.
C) Adjusting entries allow for the proper recognition of expenses.
D) Both b and c are true.
Correct Answer:
Verified
Correct Answer:
Verified
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