Homework Answers
Solution:
Adjustment would not be necessary if the financial statements were prepared to reflect the net income from life time operation
Option (d) is the answer for this question
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Mench Pardlyde 23 Chapter without de to MC Questions. PowerPoint ACROSAT Tell me what you want to View Splendid Demo Une Timings Show Media Controls Splendid Off Splendid On Why are adjusting entries necessary? a. To correct errors in the accounts. b. To record transactions not previously recorded. c. To match revenues and assets. d. Some transactions span over more than one accounting period. I S2 Comments to add notes
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