Posted: 07 Sep 2011 at 20:22 | IP Logged
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I am not going to tell you guys what "specific" adjusting entries may be likely to be asked on the test, but I would recommend that you know how to book adjusting entries that concern "cut-off" issues, certainly in the areas of sales, inventories and purchases.
Given what I just said, you could figure out what adjusting entries would be required which potentially cause a violation in the types of financial line items above (i.e. assertions, cutoffs and completeness).
Good luck............
__________________ FAR 07/19/2010 75
BEC 11/19/2010 76
REG 04/16/2011 75
AUD 07/11/2011 72
AUD 10/27/2011 86!!!
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