Question: Which statement is true as it relates to adjusting entries: Adjusting entries always include the cash account. Adjusting entries only effect the income statement. The

Which statement is true as it relates to adjusting entries:
Adjusting entries always include the cash account.
Adjusting entries only effect the income statement.
The purpose of adjusting entries is to recognize revenues and expenses in the appropriate accounting period.
Adjusting entries are recognized at the beginning of the accounting period.
Which statement is true as it relates to

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