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Accrued Revenue settlement in FP Project


in Fixed Price Project, On posting the estimates for FP Project system Debit the WIP-Invoiced on account A/C and Credit - Accrued Revenue - Sales Values A/C, but the accrued revenue account doesn't get settled on closing the project Logically the accrued revenue amount should be reversed on posti...

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Category: Project Revenue Recognition (24)

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