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You may pay salaries to the 26th of the month and post the additional days of the month using an accrual. Accruals can also affect the amount of losses that a business can claim for tax purposes. If a business incurs a loss in one year but does not recognize it as an accrual until...
Suppose a company, XYZ Corp, launches an advertising campaign for a new product. They spend $10,000 on various advertising activities, how to do a journal entry for purchases on a notes payable chron com such as television and radio ads, online marketing, and print advertisements. The important thing to remember is that if the expense,...
