ACC 290 WEEK 3
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ACC 290 WEEK 3
Description:
Week 3 DQ1
What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle?
Week 3 DQ2
What are the four closing journal entries? Why are they necessary? What are reversing entries? Why are they used? What are the pros and cons of using reversing entries? Why are reversing entries optional?
Week 3 DQ3
What is the main purpose of a financial statement worksheet and its benefits? How has automation aided the preparation, accuracy, and use of the financial statement worksheet?
ACC 290 Week 3 Individual Assignment Week Three Problems and Exercises
