DQ3.docx - In 2nd week of Fundamental Accounting Principles I studied about"Adjusting Accounts and"Preparing Financial Statements In these subjects I

DQ3.docx - In 2nd week of Fundamental Accounting Principles...

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In 2 nd week of Fundamental Accounting Principles, I studied about "Adjusting Accounts” and "Preparing Financial Statements” In these subjects I got to know about adjusting entries at the end of accounting period and I also got ideas about preparing financial statements. As applied to current or future entrepreneurial endeavors The capacity and willingness to develop, manage and organize a business venture, sourcing and organizing the required resource, along with any of its risks in order to make a profit is commonly known as entrepreneurship. The most obvious example of entrepreneurship is the starting of new business. Being an entrepreneur is not only hiring employees for work but also understanding and analyzing the accounts as well as financial statements for future profits of any organization. Thus, this week we have studied about adjusting entries at the end of accounting period. Every year’s profit,
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