Hello Sir , can u please explain that what is under accrued??? lets say for example , at year end 2003 tony had accrued $240 in respect of light and heat expense for the quarter ending 2003 31 Dec 2003. in january 2004 he discovered that he had under accrued by $10.
so for the above question is it gona be 240+10=250 on credit side of (light and heat expense T a/c) or 250 on debit side and 240 on credit side?????