AUDITING & ASSURANCE SERVICES CONNECT AC
AUDITING & ASSURANCE SERVICES CONNECT AC
10th Edition
ISBN: 9781259292057
Author: MESSIER
Publisher: MCG
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Chapter 11, Problem 11.30P
To determine

Introduction: Adjusting entries are made to follow the accrual basis of accounting. Adjusting entries are those entries which are made before issuing of financial statements showing accounts of income and expense which are accrued but not paid or received.

To ensure the proper cut off of the payables and accruals and prepare the adjusting journal entries if items are not properly recorded.

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