6+ Chapter 3 Accounting Study Guide

This subject guide is written for those of you who are studying Principles of Accounting. The accounting principle that requires revenue to be recorded when earned is the.

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. A journal with two amount columns in which all kinds of entries can be recorded. A columnar accounting form used to summarize the general ledger information. Ad Up-to-Date Resources for CPAs Attorneys and Other Tax Finance Professionals.

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Reporting income when it is earned and expenses when they are. Lesson 36The Closing Process At the end of a fiscal year after financial statements have. Get the Most Comprehensive Resource for Understanding Applying GAAP Literature.

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