Acc 2213 - Study guides, Class notes & Summaries
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ACC 2213 MGCCC EXAM 2 STUDY GUIDE PAUL JOHNSON
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ACC 2213 MGCCC EXAM 2 STUDY GUIDE PAUL JOHNSON...
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ACC 2213 MGCCC Exam 2 Study Guide Paul Johnson Study Guide with Verified Solutions
- Exam (elaborations) • 3 pages • 2024
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ACC 2213 MGCCC Exam 2 Study Guide 
Paul Johnson Study Guide with Verified 
Solutions 
Distinguish between adjusting and correcting entries - Answer-Adjusting entries are a planned part 
of the accounting process to update the accounts. Correcting entries are not planned but arise only 
when necessary to correct errors. 
Identify the types of accounts affecting deferrals and accruals, including their classification and normal 
balances. - Answer-Prepaid Expenses, Unearned Revenues, Accrued Revenu...
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