Whether you're a small business owner or the manager of a corporate accounting department, you may need to know how to make adjusting entries for accrued interest on bonds. Adjusting entries are ...

Accrual accounting is the GAAP-preferred practice of recording all revenues and expenses when they occur, even if payment has not yet been sent or received. In business, all financial transactions ...

Accountants often talk about booking an accrual journal entry or having to accrue a transaction, and if that is not your industry, you might wonder what they mean by this. In short, Accountants need ...