Category Archives: Bookkeeping

How to Adjust Journal Entries for Earned but Unpaid Office Salaries Chron com

Content What Are the Treatments for Accruals in the Following Year? Example 3- Salaries go From Accrued Liabilities to Accrued Expenses Manual Payments Make the Adjusting Journal Entries Software spreadsheets and accounting packages can make calculations easier, especially if you have several employees at different pay grades. The accrued salaries are the amount of salary […]

What Is Unearned Revenue?

Content The truth about unearned revenue Unearned revenue in cash accounting and accrual accounting What is Unearned Revenue? Company Unearned revenue examples Accrued revenue More Definitions of Unearned Revenue Consumers, meanwhile, generate deferred revenue as they pay upfront for an annual subscription to the magazine. A publishing company may offer a yearly subscription of monthly […]