ACC 290 WEEK 3 DQ1and 2 What is the revenue recognition principle What is the expense recognition principle What are adjusting entries

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ACC 290 WEEK 3 DQ1and 2 What is the revenue recognition principle What is the expense recognition principle? In your opinion, why are these important to financial reporting? 

DQ2

 

 What are adjusting entries? Why are these necessary? 

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