What Are Accruals? How Accrual Accounting Works, With Examples
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Adjusting Entry for Accrued Revenue
When this is the case, the amount earned must be split over the months involved in completing the job based on when the work is done. Here is the Wages Expense ledger where transaction above is posted. Assume the transaction above was recorded four times for each Friday in June. The $4,000 balance in the […]
