Both the adjusting entries and the closing entries usually are dated as of the last day of the accounting period.

Name: Both the adjusting entries and the closing entries usually are dated as of the last day of the accounting period.
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Both adjusting entries and closing entries are recorded and dated as of the last day of the accounting period in order to properly reflect the financial position of the business at the end of the period and prepare for the next accounting period.

Both the Adjusting Entries and the Closing Entries Usually Are