Can an amount that you expect to be received be allocated to the accruals to offset other accruals? Or does it have to be in debtors?
2006-11-19 21:48:41 · 2 answers · asked by shano 2006 1 in Business & Finance ➔ Other - Business & Finance
You should not offset balances. If it's an amount that's recoverable it should be in debtors.
That's the general rule but it is posisble that in specific situations you may be able to override it.
2006-11-19 22:04:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
specific its an accrual, yet you ought to load the bill in august as well-known to account for VAT and so forth..and then submit an accrual between the nominal price code and accruals bal sheet code for it to look in debts for the era ended 31 july 06. playstation .. i became 30 on 3/8/06 lol.
2016-12-17 13:00:18 · answer #2 · answered by ? 3 · 0⤊ 0⤋