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Cpt - Common Proficiency Test
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what is accrual basis of accounting
what is accrual basis of accounting
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Himanshu
14 Jul
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Shreya
14 Jul
Accounting method
that records revenues and expenses when they are incurred, regardless of when cash is exchanged. The term "
accrual
" refers to any individual entry recording revenue or expense in the absence of a cash transaction .
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Sangam
04 Jul
Under the accrual principal, we write down all incomes and expenses when they incurred. Please see the book it is clearly written there.
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