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Adjusting entries are journal entries made at the end of an accounting period for the purpose of: A. Updating liability and asset accounts to their proper balances.B. Assigning revenues to the periods in which they are earned.C. Assigning expenses to the periods in which they are incurred.D. Assuring that financial statements reflect the revenues earned and the expenses incurred.E. All of these

Respuesta :

Answer:

E. All of these

Explanation:

Adjusting entries are the certain journal entries which are made to display the income and expenses which have not been recorded accurately. Adjusting entries are made to balance the debits and the credits at the end of the accounting period. They help in creating financial statements. In case of any mistake done in the general ledger, adjusting entries are made to balance them.

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