Question

Adjusting entries are dated

a.at the beginning of the accounting period.
b.when cash is received.
c.at the end of the accounting period.
d.when an economic event occurs.

Answer 1

Adjusting entries are dated at the end of the accounting period to ensure accurate financial statements.

Step-by-step explanation:

Adjusting entries are dated c.at the end of the accounting period. This is because adjusting entries are made to ensure that the financial statements are accurate and reflect the true financial position of a company at the end of the accounting period. These entries help to record and account for any necessary adjustments, such as accrued expenses, prepaid expenses, depreciation, and revenue recognition, that may not have been accounted for during the regular recording of transactions.