Which of the following is true about adjusting entries? A. Entries can be done at the beginning or end of the accounting period. B. They are a necessary part of accrual-basis accounting. C. They zero the balance of all income statement accounts. D. Entries are necessary due to the conservatism principle.
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Home » Business » Which of the following is true about adjusting entries? A. Entries can be done at the beginning or end of the accounting period. B. They are a necessary part of accrual-basis accounting. C. They zero the balance of all income statement accounts. D.