Author Question: Adjusting entries ________. A) are prepared to prove that debits equal credits B) are prepared ... (Read 147 times)

EAugust · **on:** Jul 5, 2018

Adjusting entries ________.

A) are prepared to prove that debits equal credits
B) are prepared after financial statements are prepared
C) get the temporary accounts ready for the next accounting period
D) are recorded after the unadjusted trail balance is prepared

Question 2

The steps involved in handling all of the transactions and events completed during an accounting period, beginning with placing data in a book of original entry and ending with a post-closing trial balance, are referred to collectively as
a. input.
b. processing.
c. output.
d. the accounting cycle.