How Do the Adjusting Entries Differ from Other Journal Entries

question 57

Multiple Choice

How do the adjusting entries differ from other journal entries?

• A) Adjusting entries always include debits or credits to at least one income statement account and at least one balance sheet account.
• B) Adjusting entries are made only at the end of the period.
• C) Adjusting entries never affect cash.
• D) All of the above are true.

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