Ppt Chapter 3 Adjusting The Accounts Powerpoint Presentation Free Presentation transcript. chapter 3 adjusting the accounts accounting principles, eighth edition. study objectives • explain the time period assumption. • explain the accrual basis of accounting. • explain the reasons for adjusting entries. • identify the major types of adjusting entries. • prepare adjusting entries for deferrals. Presentation transcript. chapter 3adjusting the accounts act 201 lecture by: ms. adina malik. timing issues • time period assumption: • also called periodicity assumption • accountants divide the economic life of a business into artificial time periods • accounting time periods are generally a month, a quarter, or a year.
Ppt Chapter 3 Adjusting The Accounts Powerpoint Presentation Free Presentation transcript. chapter 3 – adjusting the accounts part 2 of 3. adjusting for accruals accrued revenue • are jobs that have been preformed but have not been either paid in cash or recorded on the statements. accrued expenses • are expenses that are incurred in order to perform a job, that have not yet been paid for or recorded on. Chapter 3 the adjusting process. this document discusses accrual versus cash basis accounting and the adjusting process. it begins by distinguishing between accrual accounting, where transactions are recorded when revenues are earned or expenses incurred, and cash basis accounting, where transactions are recorded when cash is paid or received. Chapter 3 adjusting the accounts free download as powerpoint presentation (.ppt .pptx), pdf file (.pdf), text file (.txt) or view presentation slides online. the document discusses adjusting entries in accounting. 208545123 chapter 3 adjusting the accounts free download as powerpoint presentation (.ppt), pdf file (.pdf), text file (.txt) or view presentation slides online. this chapter discusses adjusting entries, which are needed to ensure revenues are recorded in the period earned and expenses are recognized in the period incurred.
Ppt Chapter 3 Adjusting The Accounts Powerpoint Presentation Free Chapter 3 adjusting the accounts free download as powerpoint presentation (.ppt .pptx), pdf file (.pdf), text file (.txt) or view presentation slides online. the document discusses adjusting entries in accounting. 208545123 chapter 3 adjusting the accounts free download as powerpoint presentation (.ppt), pdf file (.pdf), text file (.txt) or view presentation slides online. this chapter discusses adjusting entries, which are needed to ensure revenues are recorded in the period earned and expenses are recognized in the period incurred. Chapter 3 adjusting the accounts free download as powerpoint presentation (.ppt), pdf file (.pdf), text file (.txt) or view presentation slides online. the document discusses accounting principles related to adjusting entries. Title: adjusting accounts. description: adjusting accounts & preparing financial statements chapter 3 accounting period time principle period specific time periods for accounting activities fiscal year – powerpoint ppt presentation. number of views: 54. avg rating:3.0 5.0.
Ppt Chapter 3 Adjusting The Accounts Powerpoint Presentation Free Chapter 3 adjusting the accounts free download as powerpoint presentation (.ppt), pdf file (.pdf), text file (.txt) or view presentation slides online. the document discusses accounting principles related to adjusting entries. Title: adjusting accounts. description: adjusting accounts & preparing financial statements chapter 3 accounting period time principle period specific time periods for accounting activities fiscal year – powerpoint ppt presentation. number of views: 54. avg rating:3.0 5.0.
Ppt Chapter 3 Adjusting The Accounts Powerpoint Presentation Free
Ppt Adjusting The Accounts Powerpoint Presentation Free Download
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