Lesson 4: The Adjustment Process - Deferral Adjustments
- Dr. Charlotte Houke
- Nov 1, 2013
- 1 min read
Updated: Apr 6, 2021
Description
Lesson four looks at how to calculate deferral adjustments that are needed to adjust account balances before closing the books. Deferral adjustments are required in accrual accounting and necessary to comply with GAAP.
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