Why do we even bother with adjusting entries since they tend to wash out

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Question # 00096029 Posted By: Prof.Longines Updated on: 08/24/2015 12:58 AM Due on: 08/27/2015

Subject Accounting Topic Accounting Tutorials:

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Why do we even bother with adjusting entries since they tend to wash out in the next fiscal period anyway?

Why do we prepare a post Closing Trial Balance and even if it balances it doesn't prove the book are correct? Why or why not?

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score 3 · Accepted Answer · 08/24/2015 12:58 AM

Solution: Why do we even bother with adjusting entries since they tend to wash out

Tutorial # 00090366 Posted By: Prof.Longines Posted on: 08/24/2015 12:58 AM

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