What effect will this adjustment have on the accounting records?
A) Increase net income
B) Increase revenues reported for the period
C) Decrease liabilities
D) All of these are true.

Question

What effect will this adjustment have on the accounting records? 
A) Increase net income 
B) Increase revenues reported for the period 
C) Decrease liabilities 
D) All of these are true.

Quizplus · Accepted Answer

The Answer of What effect will this adjustment have on the accounting records? 
A) Increase net income 
B) Increase revenues reported for the period 
C) Decrease liabilities 
D) All of these are true.

What Effect Will This Adjustment Have on the Accounting Records