Which of the following is false 
a. adjusting entries are made at the end of an accounting period
b. adjusting entries are not necessary under the cash basis of accounting
c. the cash account will always be affected by adjusting journal entries
d. adjusting journal entries always affect at least one revenue or expense account and at least one asset or liability account

Answer rating: 100% (QA)

The correct answer option is c The statement that the cash account will ... View the full answer