accounting principals

Anonymous
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.

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Review

Anonymous
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.

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