What statements relating to balance day adjustments correct, Accounting Basics

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What statements relating to balance day adjustments correct

Question: Which of the following statements relating to balance day adjustments is correct? • They always affect the cash/bank account. • They have at least one effect on the income statement and one effect on the balance sheet. • They only affect the income statement. • They affect either the income statement or the balance sheet.

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Accounting Basics: What statements relating to balance day adjustments correct

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Accounting Basics: What statements relating to balance day adjustments correct

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