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of Accrue
What else can I help you with?
What is the best definition of compounding interest-?
Interest paid on interest previously received is the best definition of compounding interest.
Journal for Accrued income?
[Debit] Accrued income receivable [Credit] Accrued income
Journal entry for accrued income?
[Debit] Accrued income receivable [Credit] Accrued income
What is the journal entry accrued income?
[Debit] Accrued income receivable [Credit] Accrued income
What is the entry of accrued traveling expenses?
[Debit] Accrued traveling expenses [Credit] Accrued expenses payable
What are the examples of accrued expenses?
Accrued expense refers to an expense that has been incurred but not yet paid. Examples of accrued expense items might be interest that has accrued on an outstanding note that has not been paid, and taxes that have accrued but not yet been paid.
Is prepaid rent accrued?
Yes, prepaid rent is accrued.
What is the journal entry to record accrued interest expense?
Debit Accrued Interest Expense Credit Accrued Interest Payable
What is Accrued Sundry Exp?
Accrued expenses or accrued sundry expenses are those expenditure which are incurred during the specific time but the payment not to be paid with in that specific time that are called the accrued expenses or accrued sundary expenses. Accrued expenses are also called outstanding Expense.This will be the liablity of the owner and shown in the liablity side of the balance sheet.
What is the journal entry for payment of accrued expense?
debit accrued expensescredit cash / bank
How do you enter accrued expenses in the general ledger?
Accrued expenses are entered as liabilities in the general ledger. Debit expense and credit accrued liability.
Is accrued taxes current liabilities?
Yes, accrued taxes are considered current liabilities. They represent taxes that a company owes but has not yet paid, typically due within one year. This classification reflects the obligation to settle these amounts in the near term, aligning with the definition of current liabilities on the balance sheet.
