Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Entries required at the end of the accounting period in order to
bring the accounts up-to-date and ensure the proper matching of
revenues and expenses are:
O a Reversal entries
Ob. End of day entries
Oc. Adjusting entries
Od Start of the day's entries
Oe. None

Sagot :

GinnyAnswer

Final answer:

Adjusting entries in accounting ensure accurate financial reporting by balancing revenues and expenses.


Explanation:

Adjusting entries are required at the end of the accounting period to bring the accounts up-to-date and ensure the proper matching of revenues and expenses. These entries help reflect the accurate financial position by adjusting certain account balances.

One key concept in accounting is double-entry bookkeeping, ensuring that the fundamental equation always balances, where the net effect of any transaction should be zero.

In scenarios like re-evaluating collectibility of pledged receivables, adjusting entries such as recognizing bad debts are crucial for maintaining accurate financial reporting.


Learn more about Adjusting entries in accounting here:

https://brainly.com/question/30696995


Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.