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critical instument means i measure,record and accuracy and which donot effect effcet on product quality
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It is important to record adjusting entries as if it is not done then there is no accurate financial statements will be available.
Reversing entries are optional because they are just made to simplify bookkeeping in the new year. The bookkeeper can record entries from previous years just to keep track.
What hasn't he set a record for? He has has 49 entries/re-entries into the Guinness World Record book for many endurance exercises, mostly pushups (in a minute, hour, day, week, month, year, back of hands, etc.)
. 1. Based on the bank reconciliation prepare the journal entries.. Alaine Alvarez consulting July 31
debit basketballcredit cash
debit assetcredit donations
no entry needed
Adjusting entries are made to rectify any previous erroneous entry or adjust any data in previously record transactions.
debit installation chargescredit cash
debit giftcredit capital