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mestny [16]
3 years ago
6

Adjusting entries are a.the same as correcting entries b.rarely needed in large companies c.optional under generally accepted ac

counting principles d.needed to bring accounts up to date and match revenue and expense
Business
1 answer:
lana [24]3 years ago
4 0

Answer:

d.needed to bring accounts up to date and match revenue and expense

Explanation:

The adjusting entries are the entries that are recorded so that it fulfills the matching principle that stated the revenue of the particular period should be matched with the expenses of that period only.

Moreover, if any changes occur in day to day transactions, the same is to be presented on the financial statements after recording the adjusting entries so that it represents the true and fair view of statements

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Answer:

The money multiplier of the economy is 20

Explanation:

Money multiplier is the term of economics which is defined as the maximum amount, the money supply could rise grounded on the increase in the reserve in the system of banking.

The formula used for computing the money multiplier is as:

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where

r is the reserve ratio that is 5%

So, putting the same value above:

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Discuss 5 sources of government revenue in the economy ​
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