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March 15, 2024

Talk about Accrual Accounting, Adjusting Entries & the Accounting Cycle.

Talk about Accrual Accounting, Adjusting Entries & the Accounting Cycle.

During the week, we will explore the differences between cash-basis and accrual-basis accounting, and learn the steps required to complete the accounting cycle. With that in mind, let’s begin by discussing the following question:

Why do companies make adjusting entries? When are adjusting entries made and at what point in the accounting process?

Due Tuesday 12th by 6PM New York Time / 2 pages

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