Answer:
3.expenses
Explanation:
At the end of the accounting period, the accounts must present their real balance, as these values will serve as the basis for preparing financial statements. When account balances are not real, it is necessary to increase, decrease or correct them through an accounting entry called an adjustment entry.
Ordinary settings
They are the seats that are made frequently, in the company in each accounting period. These types of adjustments affect the following accounts:
Box
Banks
Provisions and debts that are difficult to collect
Inventory of merchendise
Accumulated depreciation
Prepaid expenses and deferred charges
Income received in advance
Receivables Revenue
Costs and expenses to pay
Provisions for labor obligations
