Adjustments and Closing the Books
Financial Accounting Fundamentals, no. 3
-
- 0,99 €
-
- 0,99 €
Beschreibung des Verlags
There are several reasons why an account may need adjustment - to correct an error, for example, or to update a balance before preparing financial reports. However, the nature of accounting requires that every adjustment must be transparent, verifiable, and justifiable. In other words, anyone looking through the accounts should be able to easily identify an adjustment to an account and understand why it was necessary. This guide explains when it is permissible to adjust an account, and how to make that adjustment. It explains the time period assumption, the accrual basis of accounting, as well as the procedure used to 'close the books' at the end of an accounting period.
Mehr ähnliche Bücher
Mehr Bücher von Hercules Bantas
Understanding Kant: Concepts and Intuitions
2011
Understanding John Rawls: Justice as Fariness
2010
Jurgen Habermas and Deliberative Democracy
2010
Understanding Essay Writing: A Guide To Writing Essays By Someone Who Grades Them
2010
John Rawls and Deliberative Democracy
2010
Understanding Sartre: Existentialism Is A Humanism
2012