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Which of the following is true?
Adjusting Entry
An accounting journal entry made at the end of an accounting period to allocate revenue and expenses to the correct periods.
Cash
Money in the form of coins or banknotes, especially that issued by a government.
Adjusting Entries
Journal records created during the final part of an accounting period for the purpose of attributing revenues and expenses to the timeframe in which they actually took place.
Correct Balances
Accurate financial figures in accounting records that match the real-world values of assets, liabilities, and equity.
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