The Reason It Is Necessary to Prepare Adjusting Entries at the End

question 3

Multiple Choice

The reason it is necessary to prepare adjusting entries at the end of the financial year is:

• A) to correct errors made during the year.
• B) to provide as accurate a profit measurement as possible.
• C) to prepare the ledger for the next accounting period.
• D) to close the accounts.

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Definitions:

Infant Development

The physical, cognitive, and emotional growth that occurs in human babies from birth to the end of their second year.

Bayley-III

Stands for the third edition of the Bayley Scales of Infant and Toddler Development, a tool to assess developmental progress in children up to 42 months.

Language

A system of symbols, sounds, and rules used for communication among individuals.

Standardized Measure

A test or assessment that is administered and scored in a consistent, or "standard", manner.