KEY FORMULAS and ITEMS Flashcards
1
Q
Cash to Accrual
A
A = L + OE
Cash = L - OA (Other Assets) so Accrual = OA - L
Insert change in Accounts (L or OA) into equation.
FAR - JET SUMMARY > KEY FORMULAS and ITEMS > Flashcards
Cash to Accrual
A = L + OE
Cash = L - OA (Other Assets) so Accrual = OA - L
Insert change in Accounts (L or OA) into equation.