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zalisa [80]
3 years ago
9

Why are adjusting entries necessary?

Business
1 answer:
qwelly [4]3 years ago
3 0

Answer:

Option A) To record revenues and expenses

Explanation:

The accounting accrual is an accounting method, it means that the company must record the revenues and expenses in the moment that the transactions occur and not when the payment is done.

By this method is always necessary to make adjustment entries to the accounting system if not it's impossible reflect all the transactions occured at this moment.

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just tell them the truth

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The mid-1990s saw a rise in the use of mobile phones in the general population. The technology continued to improve in the early
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Which of the following phrases best describes the purpose of the National Incident Management System (NIMS)?
Agata [3.3K]

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3 years ago
"Two unrelated persons (Person A and Person B) come into your branch office to open a new account. They tell you that the funds
wariber [46]

Answer: Individual account in the name of Person A with a Third Party Trading Authorization granted to Person B

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An account that has two or more signatory is known as a joint account. When this account is opened, both parties or all signatory to the account will have to either be physically present or would provide details about about themselves to be used for opening of the account. The account is then opened and all signatory to the account can access and be informed about every detail about the account as there is no preference of one person over the other.

7 0
4 years ago
Butler Corporation is considering the purchase of new equipment costing $45,000. The projected annual after-tax net income from
ladessa [460]

Answer:

-$4,889.94

Explanation:

The computation of the net present value is shown below:  

Net present value = Present value after considering the depreciation and discounting factor - initial investment

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= -$4,889.94

8 0
3 years ago
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