Posts Tagged ‘accounting equation wiki’

Accounting: Adjusting Process

August 28th, 2011 Alexander Glaser
Accounting: Adjusting Process

The Adjusting Process   Adjusting the books: updating accounts at the end of a period Adjusting journal entries: journal entries needed to adjust the books   Two ways to do accounting: Accrual Accounting- records the effect of each transaction as it occurs Cash-Basis Accounting- records upon actual payment   Liquidation: Process of going out of [...]

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