Identify the option from where the adjusting entries usually come.

Question

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Answer 1

Question

Chapter 16, Problem 1CQ

To determine

Identify the option from where the adjusting entries usually come.

Expert Solution & Answer

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 trial balance has been prepared, the controller enter the adjusting entries. Hence, this is the correct option.

Conclusion

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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Answer 2

Question

Chapter 16, Problem 1CQ

To determine

Identify the option from where the adjusting entries usually come.

Expert Solution & Answer

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 trial balance has been prepared, the controller enter the adjusting entries. Hence, this is the correct option.

Conclusion

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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Answer 3

Question

Chapter 16, Problem 1CQ

To determine

Identify the option from where the adjusting entries usually come.

Expert Solution & Answer

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 trial balance has been prepared, the controller enter the adjusting entries. Hence, this is the correct option.

Conclusion

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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Answer 4

Question

Chapter 16, Problem 1CQ

To determine

Identify the option from where the adjusting entries usually come.

Expert Solution & Answer

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 trial balance has been prepared, the controller enter the adjusting entries. Hence, this is the correct option.

Conclusion

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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Answer 5

Chapter 16, Problem 1CQ

To determine

Identify the option from where the adjusting entries usually come.

Expert Solution & Answer

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 trial balance has been prepared, the controller enter the adjusting entries. Hence, this is the correct option.

Conclusion

As per the above explanation, the other options are not correct and therefore, the adjusting entries usually come from option b. controller.

Answer 6

Chapter 16, Problem 1CQ

To determine

Identify the option from where the adjusting entries usually come.

Expert Solution & Answer

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 trial balance has been prepared, the controller enter the adjusting entries. Hence, this is the correct option.

Conclusion

As per the above explanation, the other options are not correct and therefore, the adjusting entries usually come from option b. controller.

Answer 7

Chapter 16, Problem 1CQ

To determine

Identify the option from where the adjusting entries usually come.

Answer 8

Expert Solution & Answer

Answer to Problem 1CQ

Option b

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

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 trial balance has been prepared, the controller enter the adjusting entries. Hence, this is the correct option.