Which of the following shall need adjustments in accounting?

Prepaid expenses

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Outstanding expenses

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Accrued income

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All the above

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Solution

The correct option is D
All the above

All the above needs to be adjusted.

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Similar questions

State the meaning of

(a) Outstanding expenses

(b) Prepaid expenses

(d) Accrued income

State the meaning of:

(a) Outstanding expenses

(b) Prepaid expenses

(d) Accrued income

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