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Why are accrual-basis financial statements more useful than cash-basis statements? (Ignore the SCF for the moment) The Cash account never appears in an adjusting entry.
- Why are accrual-basis financial statements more useful than cash-basis statements? (Ignore the SCF for the moment)
- The Cash account never appears in an adjusting entry. Why not?
- From what three actions does a company get assets? (The result of these actions are described on ONE of the financial statements.)
- Provide four reasons why the unadjusted trial balance could balance, but the books still be wrong.
- Why do accountants still use double-entry bookkeeping after 500+ years?
- What is the difference between permanent accounts and temporary accounts? Why do we use both types of accounts?
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Introduction To Government And Not For Profit Accounting
Authors: Martin Ives, Laurence Johnson, Joseph R. Razek, Gordon A. Hosch
6th Edition
0132366355, 978-0132366359
