The Way To Document Accrued Income Journal Entries
Debiting the asset account increases the company’s declare to future cash, whereas crediting the revenue account increases the reported revenue for the period. It is classed as current assets on the balance sheet, whereas on the earnings statement, it’s categorised as revenue. Accrued income is classed as a current asset on the steadiness sheet as […]
Read MoreGetting to Know You: Sylvia Carrasco, Founder & CEO, Goldex
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