Need quick 150 words

· What are accruals? Provide examples of accruals. Why do accruals require adjusting entries?

· What are deferrals? What are some examples of deferrals? Why do deferrals require adjusting entries?

· How would you explain the purpose of the adjusted trial balance to someone who knew nothing about it?

150 words required

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"