top of page

Accounting Basics (without debits and credits)

These lessons explore the basics of accounting without debits and credits.

Lesson 5: The Adjustment Process, Part 1 - Overview of the Adjustment Process

  • Dr. Charlotte Houke
  • Oct 4, 2013
  • 1 min read

Updated: Apr 6, 2021

Description

Lesson five part one covers the need for adjustments at the end of the accounting period to support accrual accounting. The accounting period concept and the matching concept are introduced and help justify why we use accrual accounting.


Comments

bottom of page