When discussing a financial report in a roleplay (accountant to director), how would you explain overall profit loss, the effect accrual accounting has on this result why depreciate assets what is the Matching Principle what is the purpose of closing entries Use language like ledger, accrual accoun...

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When discussing a financial report in a roleplay (accountant to director), how would you explain: overall profit/loss,

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When discussing a financial report in a roleplay (accountant to director), how would you explain:

overall profit/loss,
the effect accrual accounting has on this result
why depreciate assets
what is the Matching Principle
what is the purpose of closing entries

Use language like ledger, accrual accounting, general journal, balance day, double-entry, depreciation, balance sheet, income statement and other industry terms.

Related Book For answer-question

Statistics The Art And Science Of Learning From Data

ISBN: 9780321755940

3rd Edition

Authors: Alan Agresti, Christine A. Franklin

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Posted Date: May 06, 2024 02:28 PM

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When discussing a financial report in a roleplay (accountant to director), how would you explain: overall profit/loss,

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Statistics The Art And Science Of Learning From Data

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