Business

30 September, 04:36

Which of the following is not a purpose of adjusting entries? a. To establish the proper amounts of assets and liabilities in the balance sheet. b. To prepare the revenue and expense accounts for recording transactions of the following period. c. To accomplish the objective of offsetting the revenue of the period with all the expenses incurred in generating that revenue. d. To apportion the proper amounts of revenue and expense to the current accounting period.

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