Identify the option from where the
Answer to Problem 1CQ
Option b
Explanation of Solution
Adjusting entries: Adjusting entries are the entries which are passed in the books of accounts at the end of the accounting period. These entries are passed as per the revenue recognition principle and the expenses recognition principle for adjusting the revenue, and the expenses of a business in the period of their occurrence.
Option b: After the
As per the above explanation, the other options are not correct and therefore, the adjusting entries usually come from option b. controller.
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Accounting Information Systems; Quickbooks 2015: A Complete Course (without Software); Access Card For Intuit Quickbooks 2015 (13th Edition)
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