Need quick 150 words

Apr 4th, 2014
Anonymous
Category:
Accounting
Price: $10 USD

Question description

· What are accruals? Provide examples of accruals. Why do accruals require adjusting entries?


· What are deferrals? What are some examples of deferrals? Why do deferrals require adjusting entries?


· How would you explain the purpose of the adjusted trial balance to someone who knew nothing about it?


150 words required

Tutor Answer

(Top Tutor) nicestmeg
School: New York University

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