Which of the Following Statements About Adjusting Entries Is True

question 43

Multiple Choice

Which of the following statements about adjusting entries is true?

• A) Adjusting entries always include at least one balance sheet account and one income statement account.
• B) Adjusting entries may involve the cash account.
• C) Adjusting entries always involve an expense account.
• D) Adjusting entries are required whenever the accounting records are updated.

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An individual who specializes in selling automobiles, offering advice, and facilitating vehicle transactions.

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