On the flip side, the company purchasing the good or service will record ... record an adjustment to accrued revenue. The accountant would make an adjusting journal entry in which the amount ...
The term "accrual" refers to any individual entry recording revenue or expense in the absence ... cash-based business or a small service company. You should consult your accountant when deciding ...
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How Do You Record Adjustments for Accrued Revenue?On the flip side, the company purchasing the good or service will record ... record an adjustment to accrued revenue. The accountant would make an adjusting journal entry in which the amount ...
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