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taxman2
Oct 19, 2008, 04:51 PM
What would the adjusting journal entry be to reduce revenue ?
hamzashakaa
Oct 19, 2008, 11:16 PM
First you should see the entry that was made to record the revenue. lets assume that the entry was
Dr. Accounts receivable
Cr. Revenue
if you discovered that this entry is wrong then you reverse it
Dr.Revenue
Cr. Accounts receivables