Accounting Newsletter


August 29 2010 Accounting Newsletter

Here's the latest article from the Accounting site at

Preparing Adjusting and Closing Entries
Before financial statment are issued, some accounts have to be brought current through:
Recognition of expenses related to assets
Recognition of revenues related to liabilities
Recognition of expenses incurred but not yet paid
Recognition of revenues earned but not yet received.

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Consuelo Herrera, CAMS, CFE, Accounting Editor

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