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Chpt3 Notes Acc112

This document discusses accounting methods and adjusting entries. It covers the accrual basis of accounting versus the cash basis. The five categories of adjusting entries are described as deferred expenses, depreciation, accrued expenses, accrued revenues, and deferred revenues. Examples of adjusting journal entries are provided for each category. The adjusted trial balance is mentioned as including all ledger accounts with their adjusted balances for use in financial statements.

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0% found this document useful (0 votes)
428 views3 pages

Chpt3 Notes Acc112

This document discusses accounting methods and adjusting entries. It covers the accrual basis of accounting versus the cash basis. The five categories of adjusting entries are described as deferred expenses, depreciation, accrued expenses, accrued revenues, and deferred revenues. Examples of adjusting journal entries are provided for each category. The adjusted trial balance is mentioned as including all ledger accounts with their adjusted balances for use in financial statements.

Uploaded by

Mj Ebrahim
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Page 1

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Page 3

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