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| Topic: |
Business
|
| Number of pages / Number of words: |
2 / 300 |
Essay's paper body
General outline
In this chapter we have to explain the 4th step in the accounting cycle: Adjusting entries.
The first three steps that were discussed before were:
1. recording transactions
2. posting transactions
3. Preparing a trial balance (need to explain the purpose of the trial balance).
Need to explain the following:
? What do we mean by adjusting entries & what is their purpose: some business activities affect the revenue and expenses of multiple accounting periods...
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General outline
In this chapter we have to explain the 4th step in the accounting cycle: Adjusting entries.
The first three steps that were discussed before were:
1. recording transactions
2. posting transactions
3. Preparing a trial balance (need to explain the purpose of the trial balance).
Need to explain the following:
? What do we mean by adjusting entries & what is their purpose: some business activities affect the revenue and expenses of multiple accounting periods...
Essay fragment
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