ee Whats Hot e ildTangent Games Calculator Adjusting entries

ee What\'s Hot e ildTangent Games... Calculator Adjusting entries are a. needed to bring accounts up to date and match revenue and expense Ob. optional under generally accepted accounting principles C. the same as correcting entries Od. rarely needed in large companies

Solution

Answer = A

At the end of accounting cycle, there is a need to update the Income and expenses to that date and for that we need to pass Adjustment entries to update the records.

Adjustment entries are required by Matching Principle.