Adjusting Entries | Explanation | Example

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Introduction to Adjusting Entries According to an accrual concept of accounting we have to record all the income and expenses in the financial statement when they occur not when they paid. So, To perform the accrual concept we have to pass Adjusting Read More …

What is Accrued income – Journal Entry and Examples

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Journal entry for Accrued income is very simple to remember. We will explain the meaning and journal entry for accrued income with the help of both rule of accounting i.e. golden rules and modern rules of accounting in this article Read More …