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I need some pointers on the rights/obligations of employers as none of the textbooks I have looked at provided detailed information. I am doing some past paper questions, currently doing 2005 Question 27 that asks the student to describe the rights and obligations of employers. Any help...

Hey, Just wondering which balance day adjustments are reversed on the day following the end of financial year? Are they: Accrued expense Accrued income Income received in advance Prepaid expense ?? Thanks guys.