Ask Experts Questions for FREE Help !
Ask
    Goose Hunter's Avatar
    Goose Hunter Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 12, 2008, 06:17 PM
    Adjustments for accruals
    Are Adjustments for accruals needed to record a revenue that has been earned or an expense that has been incurred but not recorded?
    MaggieMouse's Avatar
    MaggieMouse Posts: 226, Reputation: 8
    Full Member
     
    #2

    Mar 13, 2008, 10:42 AM
    Yes.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Accruals in the balance sheet [ 1 Answers ]

How does the ‘accruals concept’ affects the profit and loss account & the balance sheet?

Accruals journal entries [ 2 Answers ]

What is the journal entry for hourly worker wages 0f 54,080 from Mar 1 through June30 for a company whose fiscal year is from July 1 through June 30

Accruals Confusion [ 4 Answers ]

Hey guys, Just a quick Accrual question... Basically been given the following 'The business has received an invoice for £1350, dated 26th March 2007, for electricity used during the period 22 February 2007 to 25 March 2007' Right, Im just a bit confused... I've been doing reading on...


View more questions Search