Question
Discuss the difference between cash and accrual basis accounting. Use terminology in the chapter regarding GAAP to describe which more accurately reflects a business's position
Discuss the difference between cash and accrual basis accounting. Use terminology in the chapter regarding GAAP to describe which more accurately reflects a business's position and why. Research MCI WorldCom and discuss possible pitfalls of accrual accounting.
Discuss two of the four types of adjusting entries and why they are necessary.
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Auditing For Dummies
Authors: Maire Loughran
1st Edition
0470530715, 978-0470530719
