Discussion 3 - the differences between cash-basis and accrual-basis
Question # 00851673
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Updated on: 03/11/2024 09:14 PM Due on: 03/12/2024
D3
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?
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Solution: Discussion 3 - the differences between cash-basis and accrual-basis