Which is true about an adjusting entry? only a permanent account is adjusted only a temporary account

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Which is true about an adjusting entry?

only a permanent account is adjusted

only a temporary account is adjusted

a permanent account and a temporary account is adjusted

it is required to satisfy the realization principle only

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Elementary Statistics

ISBN: 9780321836960

12th Edition

Authors: Mario F. Triola

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Posted Date: Jan 30, 2023 12:11 AM

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Which is true about an adjusting entry? only a permanent account is adjusted only a temporary account

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The detailed answer for the above question is provided below Correct answer C a permanent ... View the full answer

Elementary Statistics

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