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QUESTION

Examine the elements of the accounting system. Prepare financial statements. Analyze subsequent period transactions.

Examine the elements of the accounting system.

  • Prepare financial statements.
  • Analyze subsequent period transactions.
  • Complete financial statements for subsequent accounting periods
  • Explain the basic accrual accounting concepts.
  • Analyze deferrals and accruals.
  • Prepare financial statements using the accrual basis of accounting.
  • Analyze the differences between the accrual and the cash basis of accounting.

I do not understand any of these concepts in Accounting

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