Adjusting entries made at the end of an accounting period accomplish all of the following except:
A. Assuring that external transaction amounts remain unchanged.
B. Assigning expenses to the periods in which they are incurred.
C. Assuring that financial statements reflect the revenues earned and the expenses incurred.
D. Updating liability and asset accounts to their proper balances.
E. Assigning revenues to the periods in which they are earned.
Answer: A
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