Answer the following questions in your initial reply. 175 word

October 27, 2022

Answer the following questions in your initial reply. 175 word minimum.

Every time a company prepares financial statements, adjusting entries are required. Generally, financial statements are prepared at the end of each month, the end of each quarter and at the end of each year.

Each adjusting entry affects a balance sheet account and an income statement account. For example, Adjusting Entries for Prepaid Assets or Fixed Assets involve decreasing the asset account and increasing the expense account. Adjusting entries are made in order properly follow GAAP.

Based on your review of Chapter 3, describe an adjusting journal entry that is needed at the end of an accounting period.
Why are adjusting entries important and how do they contribute to accurate financial reporting?
Accrual accounting is required under U.S. GAAP. One of the main principles of accrual accounting is the Matching Principle, also known as the Revenue Recognition Principle and the Expense Recognition Principle. Consult a reliable resource online and in your own words, explain the difference between accrual basis accounting and cash basis accounting. How does this relate to the Matching Principle?

Client #231095

Type of paper

Academic level

Deadline

Pages (275 words)

Standard price: $0.00

Latest Reviews

I had huge problems with my dissertation, especially with the Results Section. This is why I decided that a professional writer had to work on my dissertation. The result was simply outstanding, and I truly believe that Results is the best chapter in my dissertation.

I could easily fail my sociology class, if not for the help I received from your writer. I had several assignments due almost at the same time, and my writer really helped me to finish them on time. I am grateful to you for your help with my coursework. Thank you very much!

I really appreciate what you've done for me, when I was so much tired to do anything on my own. I especially liked the fact that I could communicate with the writer, and he always informed me about the progress.

The first version of my work was not that good, because the writer was not attentive to my requirements. As a result, I had to request a free revision, and the final result was absolutely outstanding. Now I see they can be professional, when they want.

Impressed with the sample above? Wait there is more

Although separated by thousands of miles, the design philosophies of

February 13, 2022

Although separated by thousands of miles, the design philosophies of the Shakers, the Arts and Crafts movement and Japanese share similarities. With that in mind,

Respond to your colleagues by comparing the differential diagnostic features

May 12, 2021

Respond to your colleagues by comparing the differential diagnostic features of the disorder you were assigned to the diagnostic features of the disorder your colleagues

Assignment Instructions Title is: The use of technological platforms to

September 20, 2021

Assignment Instructions Title is: The use of technological platforms to improve patient flow Task 1: Problem Statement Outline Using the Work titled Effective Problem

Requirements: Identify the question you decide to answer at the

January 16, 2022

Requirements: Identify the question you decide to answer at the top of your post. Prompt responses should answer the question and elaborate in a meaningful

This is part 2 to the first part Nursing Assignment Help

August 29, 2023

This is part 2 to the first part Expert Solution Preview Introduction: As a medical professor responsible for creating college assignments and evaluating student performance,

Think about the time it took to deploy Windows and

August 30, 2021

Think about the time it took to deploy Windows and Ubuntu in VirtualBox. Imagine repeating this process three times, 10 times or 1,000 times. What

BIOL 2263e Human Anatomy Physiology Lab II Respiration Lung Capacity Lab 23 points Measuring Tidal Volume A. 1 pt IN

February 10, 2021

BIOL 2263e Human Anatomy & Physiology Lab IIRespirationLung Capacity Lab 23 pointsMeasuring Tidal VolumeA. (1 pt) IN YOUR OWN WORDS describe or define Tidal Volume.Method1.

While blockchain is successful with cryptocurrencies, it is also beneficial

November 15, 2021

While blockchain is successful with cryptocurrencies, it is also beneficial for information governance in businesses. After reading this article (https://www.everteam.com/en/role-of-blockchain-in-information-governance/), discuss at least two ways

Massively Multiplayer Online Role-Playing Games (MMORPGs)

May 15, 2023

Assignment 2: Massively Multiplayer Online Role-Playing Games (MMORPGs) Due Week 5 and worth 180 points In a virtual world (VW) of massively multiplayer online role-playing

Week 8 Case Study environmental health

May 14, 2023

Week 8 Case Study: Environmental Health Review the following case study and complete the questions that follow. Submit your completed document to Blackboard using the

Refer to Tesla’s Quality Challenge case (SEE ATTACHMENT) and complete

August 1, 2021

Refer to Tesla’s Quality Challenge case (SEE ATTACHMENT) and complete the case study. The theme of the case is Quality. Answer questions 1, 3,

This weeks topic is related to the idea of whether or not liberal education or the practice of educating students

February 7, 2021

This week’s topic is related to the idea of whether or not liberal education, or the practice of educating students in a broad array of

New questions

Answer the following questions in your initial reply. 175 word

Client #231095

Table of Contents

Latest Reviews

Although separated by thousands of miles, the design philosophies of

Respond to your colleagues by comparing the differential diagnostic features

Assignment Instructions Title is: The use of technological platforms to

Requirements: Identify the question you decide to answer at the

This is part 2 to the first part Nursing Assignment Help

Think about the time it took to deploy Windows and

BIOL 2263e Human Anatomy Physiology Lab II Respiration Lung Capacity Lab 23 points Measuring Tidal Volume A. 1 pt IN

While blockchain is successful with cryptocurrencies, it is also beneficial

Massively Multiplayer Online Role-Playing Games (MMORPGs)

Week 8 Case Study environmental health

Refer to Tesla’s Quality Challenge case (SEE ATTACHMENT) and complete

This weeks topic is related to the idea of whether or not liberal education or the practice of educating students

Select two underdeveloped countries and examine the key Nursing Assignment Help

HSC 1531 FSCJ Health & Medical Defining Health Discussion Nursing Assignment Help

MBA 671 CCU Transformative Strategies for Positive Change Nursing Assignment Help

Biostatistics Collaboration [WLO: 1] [CLOs: 3, 5] Prior to Nursing Assignment Help

Don't Let Questions or Concerns Hold You Back - Make a Free Inquiry Now!

Use Our 6 Free Tools

We Accept