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What is the entry of accruals 2024?
Accrual
accrual entry
Questioner:Daniel Wright 2023-05-07 23:43:50
The most authoritative answer in 2024
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Charlotte Ross——Studied at the University of Lagos, Lives in Lagos, Nigeria.
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.
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