Question: What is the difference between adjusting entries and correcting entries? A. Both adjusting entries and correcting entries are a planned part of the accounting process.

What is the difference between adjusting entries and correcting entries?

A. Both adjusting entries and correcting entries are a planned part of the accounting process.

B. Adjusting entries are a planned part of the accounting process, correcting entries are not planned but arise when necessary to correct errors.

C. Both adjusting entries and correcting entries are not a planned part of the accounting process.

D. Correcting entries are a planned part of the accounting process, adjusting entries are not planned but arise when necessary to adjust errors.

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