The accounting process of ensuring accuracy and completeness includes Journalizing transactions timely using ledgers and journal

Question

2 years ago

15

The accounting process of ensuring accuracy and completeness includes Journalizing transactions timely using ledgers and journal

s, closing entries, create a trial balance, make adjusting entries, create adjusting trial balance and prepare the four basic financial statements (balance sheet, income statement, changes in net assets/equity and cash flows). Note, adjusting entries are not necessary but reversals are a must in this process. This statement is:________.
A. True
B. False

Business

2 answers:

avanturin [10] · Answer 1 · 2022-07-14T06:57:35+03:00

Answer:

The accounting process of ensuring accuracy and completeness includes Journalizing transactions timely using ledgers and journals, closing entries, create a trial balance, make adjusting entries, create adjusting trial balance and prepare the four basic financial statements (balance sheet, income statement, changes in net assets/equity and cash flows). Note, adjusting entries are not necessary but reversals are a must in this process. This statement is:________.

A. True

devlian [24] · Answer 2 · 2022-07-14T09:07:43+03:00

devlian [24]2 years ago

6 0

False…………….. yea ma’am