SGS Interview Questions, Process, and Tips

Journal entries for accruals

• Accruals are used to record expenses or revenues that have been incurred but not yet paid or received.

• Accrued expenses are recorded with a debit to the expense account and a credit to the accrued liability account.

• Accrued revenues are recorded with a debit to the accrued asset account and a credit to the revenue account.

• Example of an accrued expense: Accrued salaries payable - Debit Salaries...read more

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Precautions during bridge construction include proper planning, quality control, safety measures, environmental considerations, and regular inspections.

• Thorough planning and design to ensure structural integrity and stability

• Quality control measures to ensure the use of high-quality materials and proper construction techniques

• Implementation of safety measures to protect workers and the public, such as fall protection s...read more