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accounting term In our company, water expense is allocated to P&L in a estimated amount monthly because the water bills usually come two months late.Now we need to adjust it to actual figures at the end of FY. what do
Jan 10, 2012 5:02 AM
Answers · 2
Make a journal entry for December to adjust the P&L for the difference between estimated expense and actual expense; debit water exp, credit cash.
January 10, 2012
You did not finish your question. What do......??
January 10, 2012
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