What is the entry of accruals?
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Accrual of Expenses. ... This means that an accrual-type adjusting entry is needed because the company incurred wages expenses on December 30-31 but nothing will be entered routinely into the accounting records by the end of the accounting period on December 31. A third example is the accrual of utilities expense.
2023-05-17 23:43:50
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Accrual of Expenses. ... This means that an accrual-type adjusting entry is needed because the company incurred wages expenses on December 30-31 but nothing will be entered routinely into the accounting records by the end of the accounting period on December 31. A third example is the accrual of utilities expense.