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Q. Define Non-operating revenues?
Non-operating revenues or other revenues and non-operating expenses or other expenses are revenues and expenses not related to the sale of products or services regularly offered for sale by a business. An instance of non-operating revenue is interest that a business earns on notes receivable. An instance of a non-operating expense is interest incurred on money borrowed by the company.
does immaterial items have to be recorded
GENERAL
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what are the basic theory of accounting
#question.prepare the required adjusting entry for September 30, 2009
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