Can we enter accrued expenses in income statement?
Md Ariful Islam
বিএসসি(সিএসই)
,
এমবিএ(মার্কেটিং)
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Dr. Md Rushad Rahman
এমবিবিএস(আরপিএমসি)
,
পিজিটি(মেডিসিন)
Yes. The expense side of the accrual impacts expense accounts in the income statement. The offsetting liability sits on the balance sheet until it is reversed.
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