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Commercial accounting and generally accepted accounting principles, generally prescribe the accrual basis of accounting Individual Exercise 2 Resource: Ch. 4 of Financial Accounting Complete Exercise BE4-1. Complete Problems 4-2A & 4-3A. Answer the following: ·  Commercial accounting and generally accepted accounting principles, generally prescribe the accrual basis of accounting over the cash basis. ·……………..Answer Preview…………… … Read more

How is the disposition of a long-term asset like land or equipment or a building recorded in the General Journal How is the disposition of a long-term asset like land or equipment or a building recorded in the General Journal? What is the function of these entries (meaning, what do the accounts that are affected … Read more

Management accounting questions  determine two (2) ways in which managers can use accounting information to help control the daily operations of their companies. Provide two (2) examples to support your position Analyze your current or past organization to determine whether it is a centralized or decentralized structure. Support your conclusion with examples that demonstrate the … Read more

Accounting 4 :  Closing process Identify and discuss the key steps in the closing process that provide the most opportunity to make mistakes in processing account transactions. Why did you select these steps and what makes them confusing? Make at least two (2) recommendations for improving the accuracy and reliability of the information in the … Read more