3 Answered Questions for the topic accruals

Accruals Accounting

08/11/18

accounting for accruals (prepayments and expenses)
for the following independent transactions, what would be the transaction effect in the worksheet:1) In October, Paid $1,200 yearly subscription to trade magazines. As at June 30, 3 months prepaid... more
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08/20/17

just a simple clarifying question! Urgent!
If a trial balance on 30 April 2017 shows:                                  Debit ($) MAINTENANCE            2800     With the additional info that: The company is billed for maintenance... more
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Accruals

05/08/14

my income statement is off because of duplicate entries on health insurance
The insurance expense on our income statement is generally around 3 to 4 grand.  I started at this business in March and many invoices etc had not been entered/paid.  In March and April, I entered... more
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