When an accounting change is reported under the retrospective approach, account balances in the general ledger: Multiple Choice A. Are not adjusted.
B. Are closed out and then updated.
C. Are adjusted net of the tax effect.
D. Are adjusted to what they would have been had the new method been used in previous years.

D are adjusted to what they would have been had the new method been used in previous years.

Explanation: Retrospective approach means that you are applying the change in principle to the financial results of previous periods, as if the new principle had always been in use. All presented financial statements are adjusted to reflect the change to the new accounting principle.

The correct option is Option D.

Explanation:

As the retrospective approach is the approach in which the implementation of new accounting policies that have been carried out from the time when the transaction is made. In this regard when a new or modern accounting policy is defined the entries are to be adjusted accordingly. So in this context option D is the only correct option.

d. to get countries or companies to stop doing something objectionable.