Posts tagged Unearned Revenues

There are tens [if not hundreds] of items [transactions] to be classified as “current liabilities”. The bigger business most likely have more of these items. …

Current liabilities, basically, are obligations arising from past events which must be paid or settled within a year or within the operating cycle of the …

There are 2 types of adjustment entries in accounting (bookkeeping), they are: Deferral and Accrual Adjustment.   Deferral Adjustments Deferral adjustments are used for updating …