Problem regarding adjustments

Question: Which statement is false regarding Adjustments? Multiple Choice Adjustments are typically made at the end of the accounting period to update accounts before year-end reports are prepared. Adjusting entries are dated the first day of the accounting period. Adjustments are also called Adjusting Entries since we enter Adjustments by making entries into a Journal. Adjustments bring accounts up to date and show the correct account balances on financial reports.


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Accounting Basics: Problem regarding adjustments
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