Adjusting Entries and Closing Entries for Merchandising Operation | Financial Accounting  | ch 4 3
Channel: Farhat Lectures. The # 1 CPA & Accounting Courses
Date: 2020-03-08

IN tis video, I discuss adjusting and closing entries. Adjusting entries are accounting journal entries that convert a company's accounting records to the accrual basis of accounting.  The purpose of adjusting entries is to convert cash transactions into the accrual accounting method.


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