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    Business
  3. Study Set
    Accounting What the Numbers Mean
  4. Exam
    Exam 4: The Bookkeeping Process and Transaction Analysis
  5. Question
    The Effect of an Adjustment Is
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The Effect of an Adjustment Is

Question 7

Question 7

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 transactions not previously recorded.
D) to close the books.

Correct Answer:

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