Adjusting Entries Are

question 229

Multiple Choice

Adjusting entries are

• A) not necessary if the accounting system is operating properly.
• B) usually required before financial statements are prepared.
• C) made whenever management desires to change an account balance.
• D) made to balance sheet accounts only.

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Definitions:

Working Class

A socioeconomic group characterized by individuals in manual labor occupations or those who earn wages rather than salaries, often without extensive formal education.

Capitalists

Individuals or entities that own capital, invest in businesses, and seek to generate profits.

Harriet Martineau

A 19th-century English social theorist and writer known for her work in sociology, political economy, and feminism.

Auguste Comte

A French philosopher known for being the father of sociology and positivism, emphasizing empirical methods of study.