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The Accounting Cycle Accruals and Deferrals

The Accounting Cycle Accruals and Deferrals. Chapter 4. Adjusting Entries. Adjusting entries are. Every adjusting. needed whenever revenue or expenses affect more than one. entry involves a change in either a revenue or expense. and an asset or liability. accounting period.

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Year insurance - PowerPoint PPT Presentation

The Accounting Cycle Accruals and Deferrals