Question

An Adjusting entry can be used for which type of accounting
transactions

1) All of the above
2) "To record the impairment of an asset to record an asset retirement obligation To
record any accrued revenue"
3) "To record any accrued expenses To record any previously paid but unused
expenditures as prepaid expenses To adjust cash balances for any reconciling
items noted in the bank recon"
4) "To record an allowance for doubtful accounts. To record a reserve for obsolete
inventory To record a reserve for sales returns"​

Answer 1

Answer:

I think the answer should be ......

1) all the above .....

thanks ........