Search:

I have two sources of why politicians prefer cash basisover accrual basis metod for accounting, but they are frompoliticians view points. Are tere any veiwpoints from citizens? I was nable to find. I...

Thank you I responded at the agree /diagree part.I hope that was appropriate.

I have just completed an adjusted entry and would like to see if it is correct, it is my first try: The problem is:1. insurance expires at the rate of 400. A month
2. a count 08/31 shows 600....

Would that be reverse entry?

I understand a reverse entry is the exacr opposite of adjusting entry, and I understand the reason for it is to avoid excess of an account into the next peiod, i.e Services started at end of period...

That was the answer I came up with. I guess I just need to phrase better. Doesn't mater, I already figured it out.

I have completed question, just wanted to see if it was correct. I thought that was allowable, as long as we tried original question is not posted.

I have completed the question, I just wanted to see if it was correct

Adjusting entries is something I have always done manually, is there any advantage to using an automated accounting system?

What would be motivating factors that would have a company make the unethical or illegal decision for not preparing adjusting entries, for example the improper adjusting entrie at a mortgage company...

Wha reason would a company have for not adjusting accounting entries

Great Answer, this was a HUGE help to me for understtanding the use of two sets and rules, etc. I feel more confident preparing my accounting paper and including my new found understanding.

Actually that was a perfect answer, I should have phrased question better. It freaked me out whenthe first response I saw was "other than it is a crime."
Am glad to see that got resolved as well.