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Fees earned 4 - PowerPoint PPT Presentation

The Adjusting Process

The Adjusting Process. ACG 2021 Chapter 3. Accounting period concept:. Cash basis Revenues and expenses are reporting the income statement in the period in which cash is received Accrual basis Revenues are reported in the income statement in the period they are earned

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Fees earned 4 - PowerPoint PPT Presentation

The Adjusting Process