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Describe basic accrual accounting concepts including the

Q1. Describe basic accrual accounting concepts, including the matching concept.

Q2. How do you use accrual concepts to analyze, record, and summarize transactions?

Q3. Describe and illustrate the end-of-period adjustment process.

Q4. How do you prepare financial statements using accrual concepts of accounting, including a classified balance sheet?

Q5. Describe how the accrual basis of accounting enhances the interpretation of financial statements.

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Accounting Basics: Describe basic accrual accounting concepts including the

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