MC36 What is the purpose of adjusting entries in relation to the trial balance?
A. To correct errors in the trial balance
B. To include transactions that were not recorded in the trial balance
C. To exclude transactions that were recorded in the trial balance
D. To update the account balances for accruals and deferrals
Answer:D
MC36 What is the purpose of adjusting entries in relation to the trial balance?
A. To correct errors in the trial balance B. To include transactions that were not recorded in the trial balance C. To exclude transactions that were recorded in the trial balance D. To update the account balances for accruals and deferrals