Which of the Following Statements Relating to Balance Day Adjustments

question 31

Multiple Choice

Which of the following statements relating to balance day adjustments is correct?

• A) They affect either the income statement or the balance sheet.
• B) They only affect the income statement.
• C) They always affect the cash/bank account.
• D) They have at least one effect on the income statement and one effect on the balance sheet.

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Workbook

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A spreadsheet program developed by Microsoft, used for calculating, analyzing, and visualizing data.

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