accounting principals

timer Asked: Jul 19th, 2014
account_balance_wallet $5

Question Description

Define the generally acceptable accounting principles that justify making adjusting entries, and speculate on the primary impact to investors and creditors if companies did not make adjusting entries until the end of the calendar or fiscal year.

Tutor Answer

Doctor T
School: Purdue University

It would probably be acceptable and more beneficial for a company to make adjusting entries throughout the year, instead of tat the end, because for the reason that you would be more accurate to begin with and you'd make less errors in prices. Creditors and investors would probably end up with a little less money, because all of your numbers would be right, or maybe they'd end up with more... I don't know. It depends.

flag Report DMCA

Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors