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Why do companies make adjusting entries

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Talk about Accrual Accounting, Adjusting Entries & the Accounting Cycle.

We will explore the differences between cash-basis and accrual-basis accounting, and learn the steps required to complete the accounting cycle. With that in mind, let's begin by discussing the following question:

Why do companies make adjusting entries? When are adjusting entries made and at what point in the accounting process?

Reference no: EM133657939

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