Which Selection Below Is FALSE Regarding Adjustments

question 20

Multiple Choice

Which selection below is FALSE regarding Adjustments?

• A)Adjustments bring accounts up to date and show the correct account balances on financial reports.
• B)Adjusting entries are dated the first day of the accounting period.
• C)Adjustments are typically made at the end of the accounting period to up date accounts before year-end reports are prepared.
• D)Adjustments are also called Adjusting Entries since we enter Adjustments by making entries into a Journal.

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