Question
Adjusting entries are not necessary if the accounting system is operating properly. made to income statements accounts only. usually required before financial statements are prepared.
Adjusting entries are
not necessary if the accounting system is operating properly.
made to income statements accounts only.
usually required before financial statements are prepared.
made when the cash basis of accounting is used.
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Managerial Accounting
Authors: Ray Garrison, Theresa Libby, Alan Webb
10th Canadian edition
978-1259024900
