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