All of the following statements are true except one. Which statement is false?

All of the following statements are true except one. Which statement is false?

a. Adjusting entries are required for a business that uses the cash basis.

b. Accrual accounting produces better information than cash-basis accounting.

c. The matching principle directs accountants to identify and measure all expenses incurred and deduct them from revenues earned during the same period.

d. A fiscal year ends on some date other than December 31.

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