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