AAA 22/06/2019 Session1

cathyy

ACCRUAL如何处理

一般处理Accrual有两种方式：1. Non-Reversing 2. Reversing

两者的区别在于
1. reversing accrual 每月月底accrual 月初reversing 收到bill之后 record as expense
2. non reversing accrual 每月月底accrual same amount 收到bill之后 offset liability

以Jan-April电费为例

1.Reversing AccrualJan
31/01  Dr Electricity $750 Cr Electricity Liability $750
01/02  Reversing
Feb
28/02  Dr Electricity $1500 ($750*2)  Cr Electricity Liability $1500 ($750*2)
01/03  Reversing
March
31/03  Dr Electricity $2250 ($750*3)  Cr Electricity Liability $2250 ($750*3)
01/04  Reversing

Received Bills on 15/04
To Record Journal Entry
Dr Electricity Expense  $2250   Cr  Cheque Acc  $2250

2.Non-Reversing Accrual
Jan
31/01  Dr Electricity $750 Cr Electricity Liability $750

Feb   
28/02  Dr Electricity $750 Cr Electricity Liability $750

March
31/03  Dr Electricity $750 Cr Electricity Liability $750

Received Bills on 15/04
To Record Journal Entry
Dr Electricity Liability $2250   Cr  Cheque Acc  $2250