FUND.ACCT.PRIN -ONLINE ONLY  >I<
FUND.ACCT.PRIN -ONLINE ONLY >I<
22nd Edition
ISBN: 9780077632878
Author: Wild
Publisher: MCG
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Chapter 3, Problem 11QS
To determine

Concept Introduction

Adjusting entries:

Adjusting journal entries are those entries that are made to prepare the financial statement on accrual basis. It is the entries that has been incurred by the Company but payments has either not made or the payment has already made. It represents the adjustment in Income and Expenses account and Asset and liabilities to bring the balance sheet on Accrual basis.

To Prepare:

Adjusting Entries for Unearned Revenue A/c

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