The cost must be recorded in the accounting period which is born, so payable will be accepted. In the accounting period, which happened more in the following, which will pay
.As the cost will be deducted to save accrued expenses, creditor to create account for credit the transaction
Expense must be. Recorded in the accounting period in which it is, Therefore incurred.Accrued expense must be recognized in the accounting period in which it occurs rather than in the following period in which. It will be paid.
As expense will be debited to record the, accrued expense a corresponding payable must be created to account. For the credit side of the transaction
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