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Adjusting Entries: Prepayments

Financial A ccounting Chapter 4 The Accounting Cycle. Adjusting Entries: Prepayments. TIME-PERIOD ASSUMPTION. The time period (or periodicity) assumption assumes that the economic life of a business can be divided into artificial time periods.

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A ccounting Principles

A ccounting Principles. Adjusting Entries: Accruals. TIME-PERIOD ASSUMPTION. The time period (or periodicity) assumption assumes that the economic life of a business can be divided into artificial time periods.

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Thematching principle - PowerPoint PPT Presentation

Adjusting Entries: Prepayments

A ccounting Principles