|
Title: Which of the following is not a reason for why adjusting journal entries are necessary? Post by: carlocarlo on Jul 20, 2018 Which of the following is not a reason for why adjusting journal entries are necessary?
A) To ensure all revenues are recognized in the period earned. B) To enure all expenses are recognized in the period incurred. C) Because U.S. GAAP requires that financial information be reported using the accrual basis of accounting. D) Because U.S. GAAP requires that financial information be reported on the cash basis of accounting and adjusting entries adjust entries from the accrual to the cash basis. Title: Which of the following is not a reason for why adjusting journal entries are necessary? Post by: hfchfch on Jul 20, 2018 D
Title: Which of the following is not a reason for why adjusting journal entries are necessary? Post by: carlocarlo on Jul 20, 2018 :heavy_check_mark: Going to mark this solved...
|