Explain why adjusting entries are entered in the journal on the last day of the accounting period

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Explain why adjusting entries are entered in the journal on the last day of the accounting period and then are posted to the ledger.

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Financial Accounting

ISBN: 978-1259103285

5th Canadian edition

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M

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Question Posted: Aug 04, 2015 03:58 AM

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Explain why adjusting entries are entered in the journal on the last day of the accounting period

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