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April 18, 2014

Homework Help: Accounts

Posted by Eric on Tuesday, January 15, 2008 at 4:19pm.

What should be the general entries for a revenue which was earned in 2007 but not received till January 2008. Please tell me entries for both year 2007 and 2008. I mean, what entry should I make at the end of 2007 for the income I earned but not received, and what would be the entries for the money I received in January 2008, earned Last year. Thank you.

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