Arrears
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2012
what is ARREARS and what are entry in accounting books.
13 September 2012
When any income our expense is increased our decreased with retrospective effect then such income or expense relating to past year its called arrears. Eg arrears of rent paid, arrears of salary received, etc.
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