Documents Chapter 3 Adjusting the Accounts-8E

CHAPTER 3—THE BASICS OF ADJUSTING ENTRIES—8th Edition Study Objectives—after studying the chapter, you should be able to: 1. 2. 3. 4. 5. 6. 7. 8. Explain the time period…

Documents Adjusting the Accounts

STUDY OBJECTIVES After studying this chapter, you should understand: ADJUSTING THE ACCOUNTS The time period assumption assumes that the economic life of a business can be…

Documents STUDY OBJECTIVES After studying this chapter, you should understand: Time period assumptionAdjusting...

Slide 1 STUDY OBJECTIVES After studying this chapter, you should understand: Time period assumptionAdjusting entries for prepayments Accrual basis of accountingAdjusting…

Documents STUDY OBJECTIVES After studying this chapter, you should understand:

STUDY OBJECTIVES After studying this chapter, you should understand: ACCRUALS AND DEFERRALS The time period assumption assumes that the economic life of a business can be…