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Issue:

Business

 

Written by:

Dolly E

 

Date added:

May 11, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 300

 

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Therefore adjusting entries are needed at the end of each accounting period to make certain that appropriate amounts of revenue and expenses are reported in the company's income statement. ? What are the types of adjusting entries: 1. converting assets to expenses a. Go to page 145 & show students Overnight unadjusted trial balance...
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converting assets to expenses a. Go to page 145 & show students Overnight unadjusted trial balance.Explain to them why it is unadjusted. b. Give examples on prepaid expenses, shop supplies, insurance policies. P 146-147 c. Explain the concept of depreciation and accumulated depreciation-P148-150 2...
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