GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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07:33 May 16, 2006 |
Serbo-Croat to English translations [PRO] Bus/Financial - Accounting | |||||||
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| Selected response from: Miomira Brankovic Serbia Local time: 12:42 | ||||||
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Summary of answers provided | ||||
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3 +1 | accrued revenues |
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accrued revenues Explanation: Accrued revenues are earned (that is, service is performed or goods are delivered) but not yet recorded or received. For example, professional fee for consultation. When the revenue is recognized, it is recorded as Accounts Receivable. http://en.wikipedia.org/wiki/Adjusting_entries prepayments and accrued income The above is for the asset side of the balance sheet. accruals and deferred income is for the liabilities side of the balance sheet. http://www.proz.com/kudoz/1242191 |
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