With accrual accounting, accountants must enter, adjust, and track revenues and expenses ... the company consuming the electricity would make a journal entry to record the cost of this yet-to ...

With accrual accounting ... When a transaction starts in one accounting period and ends in another, an adjusting journal entry is required to ensure it is accounted for correctly.

The adjusting entry at the end of each month would appear ... which will then appear on the income statement. How Do You Record Accrued Expenses on a Balance Sheet? In finance, accrued expenses ...