The purpose of adjustments is __

Question

The purpose of adjustments is ___

Options:

A . to assign appropriate portion of revenue and expenses to the appropriate accounting period.

B . to make sure that revenue is recognised in the period in which it is earned and expenses are recognised in the period in which they are incurred.

C . to update the accounts to confirm with the accrual concept.

D . All of the above

Answer: Option D
:
D
All of the above are the purpose of doing adjustements in financial statements.

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