Answered: True or False The purpose of adjusting…

True or False The purpose of adjusting entries is to assign appropriate portion of revenue and profit to the appropriate accounting period. * O True false

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

True or False
The purpose of adjusting entries is to assign appropriate portion of
revenue and profit to the appropriate accounting period. *
True
O false

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