1what are the various fields of accounting and how do they, Ask an Expert

Accounting

1.what are the various fields of accounting and how do they differ?

2. how are revenues and expenses affect the owners' equity account?

3. why are revenues and expenses recorded separately from the owner's equity account?

4. are adjusting entries used in an accrual basis accounting system or in a cash basis accounting system? Why?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9579945

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