Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 43 - No. 6)
Which of the following must be considered when recording adjusting entries?
Accrual accounting.
Cash basis accounting.
Matching principle.
Double-entry accounting.
Explanation
Adjusting entries are a product of accrual accounting, and the matching principle, and will have two sides to the entry.
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