Adjusting Entries Are Needed A) Every Time Cash Is Received

question 166

Short Answer

Adjusting entries are needed a) every time cash is received.
B) every time financial statements are prepared.
C) every time expenses are incurred or revenue is performed.
D) never if you are reporting on an annual basis.

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Definitions:

Sexually Abused

A term describing individuals who have been subjected to unwanted or forced sexual activity.

Caring Adults

Individuals who play a significant, positive role in a child's or young person's life, offering support, guidance, and nurturing.

Child Sexual Abuse

Any sexual act, invitation to sexual touching, or exploitation by an adult or older adolescent towards a child.

Poverty

A state or condition in which an individual or community lacks the financial resources and essentials for a minimum standard of living.