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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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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Question Posted: Jan 11, 2017 09:51 AM

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The original journal entry must first be examined before an adjusting entry for a prepayment can be

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To ensure that the adjusting entry is properly calculated and prepared the preparer of ...View the full answer

Financial Accounting Tools for Business Decision Making

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