Question: Question 2 3 Which statement is fals as it relates to adjusting entries: The purpose of adjusting entries is to recognize revenues and expenses in
Question
Which statement is fals as it relates to adjusting entries:
The purpose of adjusting entries is to recognize revenues and expenses in the appropriate accounting
period.
All adjusting entries will include one income statement account and one balance sheet account.
After an adjusting entry the accounting equation will balance.
An adjusting entry will cause cash to change.
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