These accruals are recorded automatically by Prime Financials based on receipts entered against purchase orders by the University departments. If goods are ...
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Mar 18, 2024 · journals can generate accrual journals to recognize revenue that has been earned in one reporting period but the related cash amounts have not ...
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Aug 24, 2016 · I have created a liability account titled 'Accruals' so that I can accrue expenses via manual journal entries. When the expense is paid I create ...
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Dec 15, 2016 · There are only two possibilities. 1. You end up with the difference as a credit in the current months' P&L Or 2. You adjust the previous months ...
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