Why Are Adjusting Entries Necessary?

Question # 00793929 Posted By: 175 Updated on: 02/13/2021 09:10 AM Due on: 03/08/2021
Subject Accounting Topic Accounting Tutorials:
Question
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 Why are adjusting entries necessary? Why not treat every cash disbursement as an expense and every cash receipt as a revenue when the cash changes hands?  

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