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Why are adjustments made to the accounting records at the end of the period? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) To ensure assets and liabilities are reported at appropriate amounts checked To ensure the related revenues and expenses are reported in the proper period checked To better match the recording of revenue with the receipt of cash unchecked To better match the recording of expenses with the payments of cash unchecked To record the recurring daily transactions unchecked

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Answer:

To ensure assets and liabilities are reported at appropriate amounts.

To ensure the related revenues and expenses are reported in the proper period.

Explanation:

Adjusting entries at the end of the period are basically made, to comply with the requirements of the accrual principal.

Under accrual principal the financial statements represent the true and fair view of the transactions and conditions of the company.

It basically records all the revenues and expenses at the time when they are incurred and not at the time when they are paid in cash, or cash is received.

As and when the transaction incurs, or to the period it relates it shall be disclosed.

Therefore, each balance sheet item is disclosed and reported at the appropriate amount. And the all the revenues and expenses related to the period are provided for.

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The correct options are:

To ensure assets and liabilities are reported at suited amounts.

To assure the connected revenues and expenses are accounted in the correct period.

What are the adjustment entries?

Adjustment entries are the journal entries which are recorded at the closing of an accounting time period to change the closing balances in various general ledger accounts.

These entries are generally made at the end of the period, to follow with the obligations of the accrual principle. Under this principle, the financial statements symbolize the genuine and clean position of the transactions and states of the company.

It fundamentally records all the revenues and expenses at the time when they are incurred, but not when they are received or paid in cash. Means that as and when the transaction incurs, or to the period it relates, it shall be disclosed.

Therefore, all item of the balance sheet is exposed and described at the appropriate amount. And also rendered for, all the revenues and expenses associated to the period.

To learn more about the adjustment entries, refer to:

https://brainly.com/question/1757297