Answered

Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Get quick and reliable solutions to your questions from knowledgeable professionals on our comprehensive Q&A 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


We hope this was helpful. Please come back whenever you need more information or answers to your queries. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.