Answer:
The correct answer is b. Adjusting entries are necessary to bring the general ledger accounts in line with the budget.
Step-by-step explanation:
An accounting adjustment is a regularization that the company has to do, usually at the end of the year, to correctly allocate income, expenses, assets and liabilities to their corresponding fiscal years.
They are necessary accounting corrections to obtain the accounting result correctly. Although the accounting adjustments affect both assets and liabilities and income and expenses, the most important are those that affect the latter, since they will modify the accounting result.