But Krauss said that from the moment he and the other scientists arrived on the island, they never saw anything untoward.
COMPANIES THAT FAIL THE $1 MILLION AVERAGE revenue test are not affected by the revenue procedure. For them, determining whether to use the cash or accrual method hinges on two issues: the material income-producing factor test and their type of entity. COMPANIES SELLING MERCHANDISE GENERALLY must use the accrual method to account for purchases and sales.
Confidence votes 4.8K. == Answer == Reversing entries are normally done to reverse accruals or estimates when the actual figures are known. Probably the most common is a reversal of a payroll accrual-at the end of Month 1, you accrue for payroll expense incurred but not yet paid (say 3 days).onfidence votes 4.8K. == Answer == Reversing entries are normally done to reverse accruals or estimates when the actual figures are known. Probably the most common is a reversal of a payroll accrual-at the end of Month 1, you accrue for payroll expense incurred but not yet paid (say 3 days).