Basic Accrual Accounting Ghea Dry Cleaners provides a service company. The company makes a payment for the
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Basic Accrual Accounting
Ghea Dry Cleaners provides a service company. The company makes a payment for the current month's salary on the 1st of the following month. March salary costs paid on the 1st of April in the amount of Rp. 1,000. In your opinion, what is the right journal for recording employee salary payment transactions in accordance with the principle of accrual basis accounting and at what date is the journal recorded? Explain the reason!
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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