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Accruals
02-09-2011, 03:26 PM
Post: #1
Accruals
Are accruals subject to reversal?
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02-09-2011, 09:32 PM
Post: #2
 
Yes, if you rectify an error or misake
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02-16-2011, 05:49 PM
Post: #3
 
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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