1. The Accounting Cycle: End of the PeriodFinancial AccountingChapter 3Spiceland | Thomas | Herrmann Copyright © 2014 McGraw-Hill Education. All rights reserved. No reproduction…

1.CHAPTER4 COMPLETINGTHEACCOUNTING CYCLE2. OUTLINE Adjusting Entries Preparing the Adjusted Trial Balance Closing Entries Preparing the Financial Statements Income Statement…

1.Chapter 3 Adjusting the Accounts Prepared by Mohd.Mohsin AssistantProfessor ofFinance IIUC 01716879886 Mohd.Mohsin,Assistant Professor,IIUC,[email protected].…

1.Adjusting the Accounts2. TIME-PERIOD ASSUMPTION The time period(or periodicity)assumption assumes the economic life of a business can be divided into artificial time periods…

Slide 1 John Wiley & Sons, Inc. © 2005 Chapter 3 Adjusting the Accounts Accounting Principles, 7 th Edition Weygandt Kieso Kimmel Slide 2 After studying this chapter,…