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Why are adjustments made during the closing of one period?
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Asked 7/28/2012 9:19:25 PM
Updated 6/28/2015 2:44:02 PM
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Flagged by debnjerry [6/28/2015 2:44:02 PM]
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User: Why are adjustments made during the closing of one period?





Weegy: Adjustments are made to ensure quality. Sunshine all day! :)
Expert answered|camibeth3|Points 92|

Question
Asked 7/28/2012 9:19:25 PM
Updated 6/28/2015 2:44:02 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by debnjerry [6/28/2015 2:44:02 PM]
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Adjustments made during the closing of one period to make sure the accounting records and financial statement are up-to-date based on accrual-basis accounting.
Added 6/28/2015 2:44:01 PM
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Questions asked by the same visitor
What is the alternate terminology for permanent and temporary accounts ?
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Expert Answered
Updated 204 days ago|1/21/2018 7:00:12 PM
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Temporary accounts are sometimes called nominal accounts, and permanent accounts are sometimes called real accounts.
Added 204 days ago|1/21/2018 7:00:12 PM
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