קטגוריה: Bookkeeping

The Accounting Research Bulletins have all been superseded by the Accounting Standards Codification (ASC). These pronouncements were issued by the Committee on Accounting Procedures of the American Institute of Certified Public Accountants during the years 1953 to 1959. Although the Bulletins were not binding on American Institute of CPAs members, the Securities and Exchange Commission […]

For example, suppose you sell something in March but don’t get paid until May. You would record the revenue produced in March, and the payment received in March would offset the entry. Accrued revenue, like sales that have not yet been paid for, is first recorded as a debit to accrued revenue and a credit […]