Answered

Entries required at the end of the accounting period in order to
bring the accounts up-to-date and ensure the proper matching of
revenues and expenses are:
O a Reversal entries
Ob. End of day entries
Oc. Adjusting entries
Od Start of the day's entries
Oe. None



Answer :

GinnyAnswer

Final answer:

Adjusting entries in accounting ensure accurate financial reporting by balancing revenues and expenses.


Explanation:

Adjusting entries are required at the end of the accounting period to bring the accounts up-to-date and ensure the proper matching of revenues and expenses. These entries help reflect the accurate financial position by adjusting certain account balances.

One key concept in accounting is double-entry bookkeeping, ensuring that the fundamental equation always balances, where the net effect of any transaction should be zero.

In scenarios like re-evaluating collectibility of pledged receivables, adjusting entries such as recognizing bad debts are crucial for maintaining accurate financial reporting.


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