Adjustment entries : Adjusting entries are those entries which are made at the end of the year, to update all balances in the financial statements, to show the true financial information, and to maintain the records according to accrual basis principle. To Indicate: Type of adjusting entries to correct the misstatement.

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Chapter 3, Problem 18Q

To determine

Adjustment entries: Adjusting entries are those entries which are made at the end of the year, to update all balances in the financial statements, to show the true financial information, and to maintain the records according to accrual basis principle.

To Indicate: Type of adjusting entries to correct the misstatement.

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