Question:

Is adjusting entries an optional step in the accounting cycle?

by Guest63178  |  earlier

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Is adjusting entries an optional step in the accounting cycle?

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2 ANSWERS


  1. No. There's always some adjusting entries, like accrual of audit fee or income tax payable. Refer to the link.


  2. In accounting, there is no such thing as optional, you do or don't do it, no choice given.  

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