Question

Bringing account balances up to date before preparing financial reports is called

a. posting.
b. adjusting.
c. journalizing.
d. analyzing.

Answer 1

bringing account balances up to date before preparing financial reports is called b.adjusting.

Answer 2

b. adjusting.

Step-by-step explanation:

In companies, most reports must be updated daily. The name of this technique is adjusting. Through adjusting, the analyst will update, for example, the sales number of a product. That way, he or she will pass the report to executives and managers with as much recent information as possible.