jilliangracee8554 jilliangracee8554
  • 23-01-2024
  • Business
contestada

Accrual accounting adjusting journal entries are postings to recognize transactions that occurred prior to the financial statement's issuance date.
a. True
b. False

Respuesta :

matveigibazov matveigibazov
  • 23-01-2024

Answer:

a. True

Adjusting journal entries in accrual accounting are made to recognize transactions that occurred but haven't been recorded yet or need adjustments before the financial statements are issued. This process ensures that the financial statements accurately reflect the financial position and performance of a company for a specific accounting period.

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