Adjusting entries can be journalized:
A)only once per accounting quarter.
B)only once a month.
C)as often as necessary.
D)only once a year at the end of the accounting year.

Question

Quizplus · Accepted Answer

Adjusting entries are made to ensure that the revenue recognition and matching principles are followed. They are typically made at the end of an accounting period, such as a month or a year, but can be made as often as necessary to accurately reflect the financial transactions of a company.

Adjusting Entries Can Be Journalized