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In the prior month, staff of a firm performed get the job done but were not paid for that perform. Alternatively, they had been paid out through The present month. The payment related to that do the job was $2,seven hundred. What's the effect on the current month earnings statement of these gatherings?
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A company owes an worker for get the job done executed throughout the current accounting period. The amount owed is $600. This sum will not be paid out till the following accounting time period. In The present time period, exactly what is the affect of this occasion on revenue?
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