The change in the liability estimate as a result of updating the discount rate assumption is required to be recognized in other comprehensive income.The amendments require that an insurance entity discount expected future cash flows at an upper-medium grade (low-credit-risk) fixed-income instrument...
12Tr33 Level 1 November 18, 2022 07:59 AM So you would leave it showing as a payment and not a credit? Because our customer over paid and we received payment as normal and it shows a negative balance but there is no credit memo and when...
January 30, 2023 10:12 AM I have a Balance Sheet and P&L for PY and I need to make an adjusting journal entry under Reports to offset the expense. Please be as detailed as you can. Cheer Reply Chonlada Chanwana Level 1 ...