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    Adjusting the Trial Balance and Adjusting Entries

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    This Microsoft Power Point contains detail step by step information about each topic. Calculations and journal entries are included. The following topics are covered:

    What is accrual-basis accounting?
    What is cash-basis accounting?
    What is the time period assumption?
    What is the revenue recognition principle
    What is the matching principle?
    What are the basics of recording adjusting entries?
    What are deferrals and accruals?
    How are adjusting entries recorded for deferrals and accruals?
    What is an adjusted trial balance and how are financial statements prepared from it?

    © BrainMass Inc. brainmass.com October 10, 2019, 6:36 am ad1c9bdddf
    https://brainmass.com/business/trial-balance/adjusting-trial-balance-adjusting-entries-550214

    Solution Summary

    This solution contains a Power Point presention consisting of 45 slides which contains detail information on the topic "Adjusting Entries" and also demonstrates how the adjusted trial balance is used to prepare financial statements.

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