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Alex17521 [72]
3 years ago
8

Window Dressing causes which kind of entry (may have more than one answer)? Multiple Choice Transaction Adjusting Closing

Business
1 answer:
dexar [7]3 years ago
5 0

Answer:

Window Dressing causes Adjusting and Closing entries.

Explanation:

Window Dressing the alteration of financial performance near the year-end to appear as if performance has improved.  To make the window dressing entry, some temporary and permanent accounts will be adjusted, especially Sales Revenue and costs to generate paper profits.  These adjusting entries are closed to the Income Summary.  The permanent accounts which are temporarily closed to the Balance Sheet for the period will also require some adjusting entries.

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