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    taxman2's Avatar
    taxman2 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 19, 2008, 04:51 PM
    Reducing revenue
    What would the adjusting journal entry be to reduce revenue ?
    hamzashakaa's Avatar
    hamzashakaa Posts: 161, Reputation: 8
    Junior Member
    		  
    #2

    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
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