Hello,
Every month I accrue net operational income for a parking location by Debit Participation Disbursement and Credit Accrued Participation. When I pay it I debit Accrued Participation and Credit Cash. How would I record an operational Loss and carry it over to the next moth and deduct from next month Operational income?
Thank you.
Every month I accrue net operational income for a parking location by Debit Participation Disbursement and Credit Accrued Participation. When I pay it I debit Accrued Participation and Credit Cash. How would I record an operational Loss and carry it over to the next moth and deduct from next month Operational income?
Thank you.