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Environment

Oxygen : The Ultimate Lifesaver

Kamanthi Wickramasinghe The COVID-19 pandemic has tightened its grip on neighboring India and many citizens keep succumbing to the deadly virus due to the lack of medical oxygen. Latest reports state that more people are in need of medical oxygen due to shortness of breath but oxygen supplies
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Accrued Expense Journal Entry Example

Accrued expense is the expense that has already incurred during the period but has not been paid for yet. The accrued expenses may include interest expense, salaries and wages, and utility expenses, etc. Likewise, at the period end adjusting entry, the company needs to account for all the accrued expenses with appropriate journal entries. In […]