Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card
Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card
22nd Edition
ISBN: 9781259542169
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter 3, Problem 14QS
To determine

Concept Introduction:

Accrued Revenues: Accrued Revenues are part of the accounting adjustment entries which are recorded in the closing period of the entity. These are those revenues which have been earned but have not yet been received. They are recorded in the books following the matching principle of accounting.

To determine:

1. The current account balance as per the given data,

2. The current account balance as per the given data, and

3. the necessary adjusting entry as on December 31.

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Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card

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