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Posted: February 5th, 2024
Need quick 150 words
Question description
· What are accruals? Provide examples of accruals. Why do accruals require adjusting entries?· What are deferrals? What are some examples of deferrals? Why do deferrals require adjusting entries?· How would you explain the purpose of the adjusted trial balance to someone who knew nothing about it?150 words required
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