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Old 03-19-2017, 06:02 PM
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Join Date: Mar 2017
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Reversing Entries for Accrued Revenue and Deferred Revenue Accounts

We have some accrued receivable entries which were never billed and never reversed. They have been on the books since 2011 and need to be removed. The same goes for the deferred revenue account. There were adjusting entries made every year since 2011, but none of the reversing entries were made. How do we go about fixing this?



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