Answer:
needed to bring accounts up to date and match revenue and expense
Explanation:
The adjusting entries are the entries that are recorded to adjust the balance of the accounts. Its motive to match and equate the revenue and expenses accounts. It is to be recorded before the financial statements closed
It also follows the matching principle in which the revenues of the period should be matched with the expenses of that period.
Like: accrued expenses, accrued revenues, etc
