The Main Purpose of the Adjusting Process Is

question 128

Multiple Choice

The main purpose of the adjusting process is

• A)to remove the effects of all transactions recorded during the accounting period.
• B)to make the account balances reflect the company's true position according to the guidelines of accrual accounting.
• C)to get the accounting records ready for a new accounting period.
• D)to identify the amount of cash available for dividends to be paid.