Accounts often need to be adjusted because? 17) Accounts often need to be adjusted because A. Many transactions affect more than one time period. Cards are easy to view, with intuitive icons for navigation, study modes, audio, and card organization. often an involved process requiring the skills of a professional. D) management can't decide what they want to report. The revenue recognition principle is the basis of making adjusting entries that pertain to unearned and accrued revenues under accrual-basis accounting.They are sometimes called Balance Day … b. Thus, it is recorded at the end of the year. c. There are never enough accounts to record all the transactions. D) Management can't decide what they want to report. optional when financial statements are prepared. Accounts Receivable is an asset account, while Accounts Payable is a liability account. only required for accounts that do not have a normal balance. d. management can't decide what they want to report Top Answer. Accounts often need to be adjusted because? d. There are always errors made in recording transactions. App interface: 9/10 The Quizlet Android App is well-designed and easy to use. Accounts often need to be adjusted because Select one: a. Management can't decide what they want to report. Accounts often need to be adjusted because. B) Many transactions affect more than one time period. before the trial balance. straight forward because the accounts that need adjustment will be out of balance. B. C. D. there are never enough accounts to record all the transactions. 20) Financial statements are prepared directly from the A. the SEC is a private organization of accountants. This also relates to the matching principle where the assets are used during the year and written off after they are used. C) there are always errors made in recording transactions. For example, depreciation is usually calculated on an annual basis. General ledger accounts need to be adjusted because many accounts require "updates" to reflect the passage of time or accruals, which do not... See full answer below. 19) The adjusted trial balance is prepared after financial statements are prepared. c. there are always errors made in recording transactions. Asked by Wiki User. b. many transactions affect more than one time period. Accounts often need to be adjusted because A) there are never enough accounts to record all the transactions. Answer. 16) Adjusting entries are required 17) Accounts often need to be adjusted because 18) The preparation of adjusting entries is 19) Can financial statements be prepared directly from the adjusted trial balance? C) There are always errors made in recording transactions. These expenses are often recorded at the end of period because they are usually calculated on a period basis. 1 2 3. B) many transactions affect more than one time period. Because I only made 10 terms, this test uses all 10 of them. Wiki User Answered . Study modes: 7/10 The Quizlet App has basic study modes ranging from simple card review through matching games and various types of tests. A) There are never enough accounts to record all the transactions. However, if you have a set with more terms, the question limit is ALWAYS preset to 20. In accounting/accountancy, adjusting entries are journal entries usually made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. B. 2014-07-06 17:22:53 2014-07-06 17:22:53. … So if you would like Quizlet to make you one test using all of your terms, just tell it to. a. there are never enough accounts to record all the transactions. These two accounts are also never affected during the adjustment process. Skills of a professional where the assets are used preset to 20 intuitive icons for navigation, study modes from... 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