Adjusting entries are Oa. the same as correcting entries Ob. rarely needed in large companies Oc. needed to bring accoun

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answerhappygod
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Adjusting entries are Oa. the same as correcting entries Ob. rarely needed in large companies Oc. needed to bring accoun

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Adjusting Entries Are Oa The Same As Correcting Entries Ob Rarely Needed In Large Companies Oc Needed To Bring Accoun 1
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Adjusting entries are Oa. the same as correcting entries Ob. rarely needed in large companies Oc. needed to bring accounts up to date and match revenue and expense Od. optional under generally accepted accounting principles
Generally accepted accounting principles require that companies use the Oa. accrual basis Ob. deferral basis Oc. cash basis Od. account basis of accounting.
Which of the following accounting steps in the accounting process would be completed last? Oa. preparing the adjusted trial balance Ob. preparing the financial statements Oc. journalizing Od. posting
When is the adjusted trial balance prepared? Oa. after adjusting journal entries are posted Ob. before adjusting journal entries are posted Oc. before the adjusting journal entries are journalized Od. after the adjusting journal entries are journalized
The entry to adjust for the cost of supplies used during the accounting period is Oa, debit Accounts Payable: credit Supplies Ob. debit Supplies: credit owner's equity Oc. debit owner's equity: credit Supplies Od. debit Supplies Expense; credit Supplies
The type of account and normal balance of Unearned Consulting Fees would be Oa. expense, debit Ob. revenue. credit Oc. liability, debit Od. liability, credit
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