A company must make adjusting entries
A)To ensure that the revenue recognition and expense recognition principles are followed.
B)Each time it prepares an income statement and a statement of financial position.
C)To account for accruals or deferrals.
D)All of these choices are correct.

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The Answer of A company must make adjusting entries
A)To ensure that the revenue recognition and expense recognition principles are followed.
B)Each time it prepares an income statement and a statement of financial position.
C)To account for accruals or deferrals.
D)All of these choices are correct.

A Company Must Make Adjusting Entries