Accounts often need to be adjusted because:

a$.$ there are never enough accounts to record all the transactions.

b$.$ Accounts needs to be updated due to usage or passage of time.

c$.$ there are always errors made in recording transactions.

d$.$ management can't decide what they want to report.

Which statement is correct?

a$.$ As long as a company consistently uses the cash basis of accounting,

generally accepted accounting principles allow its use.

b$.$ The use of the cash basis of accounting violates both the revenue

recognition and matching principles.

c$.$ The cash basis of accounting is objective because no one can be certain of

the amount of revenue until the cash is received.

d$.$ As long as management is ethical, there are no problems with using the

cash basis of accounting.