Adjusting journal entries are ordinarily recorded by the client, while reclassifying journal entries need not be recorded.

Name: Adjusting journal entries are ordinarily recorded by the client, while reclassifying journal entries need not be recorded.
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Question

Quizplus · Accepted Answer

Adjusting journal entries are recorded to update the accounts to their correct balances at the end of the accounting period, while reclassifying journal entries are used to correct errors in the classification of transactions.

Adjusting Journal Entries Are Ordinarily Recorded by the Client, While