If an organization agrees to supply expert services to some buyer in a very subsequent month and The client agrees to pay for for the people services when they are offered, exactly what is the entry to record that celebration?
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On the final day of the thirty day period, a corporation gets its electric powered utility Monthly bill for the current month. The corporate makes use of the accrual means of accounting for all transactions. What is the impact on cash and revenue because of the arrival of this Monthly bill?
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