Why accrued expenses often require adjusting entries but not in every situation

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Added on 2022/11/03

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This article explains why accrued expenses require adjusting entries and when they are not necessary. It discusses the accrual concept and the matching principle of accounting. The article also lists some of the entries that require adjusting and explains when adjusting entries are not relevant.

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Why accrued expenses often require adjusting entries but not in every situation

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