Asked by Wiki User. Accounts often need to be adjusted because? App interface: 9/10 The Quizlet Android App is well-designed and easy to use. 17) Accounts often need to be adjusted because A. Accounts often need to be adjusted because Select one: a. However, if you have a set with more terms, the question limit is ALWAYS preset to 20. D) management can't decide what they want to report. A) There are never enough accounts to record all the transactions. So if you would like Quizlet to make you one test using all of your terms, just tell it to. C) there are always errors made in recording transactions. 1 2 3. C) There are always errors made in recording transactions. B. Because I only made 10 terms, this test uses all 10 of them. 16) Adjusting entries are required 17) Accounts often need to be adjusted because 18) The preparation of adjusting entries is 19) Can financial statements be prepared directly from the adjusted trial balance? Answer. Accounts Receivable is an asset account, while Accounts Payable is a liability account. 2014-07-06 17:22:53 2014-07-06 17:22:53. … Accounts often need to be adjusted because? often an involved process requiring the skills of a professional. optional when financial statements are prepared. 20) Financial statements are prepared directly from the A. the SEC is a private organization of accountants. Wiki User Answered . In accounting/accountancy, adjusting entries are journal entries usually made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. d. There are always errors made in recording transactions. Top Answer. c. There are never enough accounts to record all the transactions. Management can't decide what they want to report. Accounts often need to be adjusted because A) there are never enough accounts to record all the transactions. only required for accounts that do not have a normal balance. a. there are never enough accounts to record all the transactions. b. many transactions affect more than one time period. This also relates to the matching principle where the assets are used during the year and written off after they are used. d. management can't decide what they want to report Study modes: 7/10 The Quizlet App has basic study modes ranging from simple card review through matching games and various types of tests. Cards are easy to view, with intuitive icons for navigation, study modes, audio, and card organization. Many transactions affect more than one time period. 19) The adjusted trial balance is prepared after financial statements are prepared. These two accounts are also never affected during the adjustment process. before the trial balance. straight forward because the accounts that need adjustment will be out of balance. Accounts often need to be adjusted because. c. there are always errors made in recording transactions. General ledger accounts need to be adjusted because many accounts require "updates" to reflect the passage of time or accruals, which do not... See full answer below. D) Management can't decide what they want to report. These expenses are often recorded at the end of period because they are usually calculated on a period basis. B. C. D. there are never enough accounts to record all the transactions. B) many transactions affect more than one time period. b. Thus, it is recorded at the end of the year. For example, depreciation is usually calculated on an annual basis. B) Many transactions affect more than one time period. 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