Accruals are expenses incurred but not yet paid. Journal entries are made to record them. Debtors receivable are amounts owed to the company.

• Accruals are expenses that have been incurred but not yet p...read more

The journal entry to create an accrued receivable is a debit to an accounts receivable account, and a credit to the revenue account. It may be useful to create a unique general ledger account for accr...read more