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    Paula Gomes's Avatar
    Paula Gomes Posts: 6, Reputation: 1
    New Member
    		  
    #1

    Feb 28, 2007, 12:00 PM
    Recording transactions
    If I had signed an equipment rental agreement to commence in January, with a deposit of $500 that must be paid by December 15, should I record this operation at the November statement?

    Thank You

    Paula
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
    Ultra Member
    		  
    #2

    Feb 28, 2007, 08:37 PM
    You should indicate this pending transaction in your notes to the financial statements, but not in any actual statements themselves.
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