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What is the journal entry to reverse an accrued expense?
Payable Account XXX Expense Account XXX
How do you record a journal entry to reverse the expense booked?
debit cash / bank / accounts payablecredit expense account
Is reversing entry optional?
Normally no; however, if you accrued an expense at the end of a period and you had still not paid or recived an invoice for that expense at the end of the next period, you would not reverse the accrual.
What are some examples of disadvantages to reverse mortgages?
Disadvantages to reverse mortgages include their complexity, their (relatively) high expense when factoring in fees and closing costs, and paying for insurance premiums.
If you stand upside down long enough does your eyesight eventually reverse on its own?
no
What is the accounting treatment of overdepreciated assets?
You need to reverse the entries for excess depreciation - Debit Accumulated Dereciation and Credit Depreciation Expense
How can I reverse a Zelle payment through Chase?
To reverse a Zelle payment through Chase, you need to contact Chase customer service as soon as possible and provide them with the details of the transaction. They will assist you in initiating a request to reverse the payment.
Can you reverse a credit card payment?
Yes, it is possible to reverse a credit card payment through a process known as a chargeback. This typically occurs when a customer disputes a transaction with their credit card issuer, who then investigates the claim and may reverse the payment if it is found to be valid.
How many words can you make out of customer service?
vice reverse ice see costume motor rice rest voice
Can eventually counteract the acceleration from?
Yes, eventually increasing drag or applying a reverse force can counteract the acceleration from an object in motion. This can slow down or stop the object's movement over time.
Is reverse osmosis RO water safe to drink for people with only one kidney RO - Reverse Osmosis?
No . As the lone kidney tends to work more and tries to reabsorb minerals from distal tubule . It eventually hypertrophies and fails eventually on a long term basis . Urea and creatinine level tends to rise in blood .
How do you pass accounting entries in case of a cheque bounce?
#1 : At the time of deposit Bank a/c Dr To Customer a/c #2. when the cheque was dishonoured we have to reverse it Customer a/c Dr To Bank a/c irshad: irshadcomtech
