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21 January, 22:24

10. When are adjusting entries entered?

Question 10 options:

At the beginning of the accounting cycle

At the end of the fiscal year

At the beginning of the fiscal year

At the end of the accounting cycle

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Answers (2)
  1. 22 January, 00:12
    0
    The answer Is at the end of the accounting cycle

    Explanation: I just took the test
  2. 22 January, 00:28
    0
    Answer: At the end of the fiscal year

    Explanation: In simple words, adjusting entries refers to the entries that are made in the accounts at the end of the accounting for to recognize income and expenses that are not accurately recorded in the accounts.

    These journal entries can only be made at the end of the year as the mistakes could only be identified after preparing and comparing all the statements relating to the company.
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