The original journal entry must first be examined before an adjusting entry for a prepayment can be
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The original journal entry must first be examined before an adjusting entry for a prepayment can be prepared. Why is this not also the case for an adjusting entry for an accrual?
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To ensure that the adjusting entry is properly calculated and prepared the preparer of ...View the full answer
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John Kago
Am a processional practicing accountant with 5 years experience in practice, I also happens to have hands on experience in economic analysis and statistical research for 3 years. am well conversant with Accounting packages, sage, pastel, quick books, hansa world, etc, I have real work experience with Strata, and SPSS
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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