Accruals

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Accruals

Mick010
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#1

02-09-2011, 03:26 PM

Are accruals subject to reversal?

Dard
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#2

02-09-2011, 09:32 PM

Yes, if you rectify an error or misake

Rithika
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#3

02-16-2011, 05:49 PM

Yes, they are subjected to reversal. So that it ensures that the entries can be balanced. Reversal of abnormal accruals can be taken place.

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