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Q 1/8
Score 0
An entry usually made during the process of "closing the books" that results in more accurate financial statements. Adjustments involve accruals and reclassifications and are sometimes made at the end of interim periods, such as month-end or quarter-end
30
Adjustment
Q 2/8
Score 0
Cost of goods available for sale
30
Beginning inventory
8 questions
Q.
An entry usually made during the process of "closing the books" that results in more accurate financial statements. Adjustments involve accruals and reclassifications and are sometimes made at the end of interim periods, such as month-end or quarter-end
1
30 sec
Q.
Cost of goods available for sale
2
30 sec
Q.
The merchandise a business has on hand at the end of a fiscal period
3
30 sec
Q.
The process of counting all of the items in inventory.
4
30 sec
Q.
Expenses paid in advance of their use
5
30 sec
Q.
Important
6
30 sec
Q.
Guesses
7
30 sec
Q.
Journal entries recorded to update general ledger accounts at the end of a fiscal period
