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Financial Accounting: Ch 3 Adjusting the Accounts

Financial Accounting: Ch 3 Adjusting the Accounts
Kanwal
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  • Accrual-Basis Accounting
    Accounting basis in which companies record transactions that change a company's financial statements in the periods in which the events occur.
  • Accruals
    Adjusting entries for either accrued revenues or accrued expenses.
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