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Describe basic accrual accounting concepts

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Q1. Describe basic accrual accounting concepts, including the matching concept.

Q2. How do you use accrual concepts to analyze, record, and summarize transactions?

Q3. Describe and illustrate the end-of-period adjustment process.

Q4. How do you prepare financial statements using accrual concepts of accounting, including a classified balance sheet?

Q5. Describe how the accrual basis of accounting enhances the interpretation of financial statements.

Reference no: EM131703869

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