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Sample Journal Entries and The Role of The FASB

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This file contains a formatted MS Word file containing sample journal entries, t-account entries, and information on the role of the FASB. Please help with the given questions.

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https://brainmass.com/business/the-accounting-cycle/sample-journal-entries-role-fasb-150110

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For your convenience, I have attached a formatted MS Excel file containing the information posted below. I have also attached notes and a reference source, which might prove helpful towards increasing your understanding of the material.

Chapter 1

Why is accounting often referred to as the "language of business"?
Accounting is often referred to as being the "language of business," because just like any other science, accounting has its share of terminology, keywords, and lexicons that basically have meaning only to those who are either in or close to the profession.

For example, ...

Solution Summary

This file contains a formatted MS Word file containing sample journal entries, t-account entries, and information on the role of the FASB.

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