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what is accrual basis of accounting

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  • Himanshu
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2 Answers

  • strongAccounting method/strong that records revenues and expenses when they are incurred, regardless of when cash is exchanged. The term "strongaccrual/strong" refers to any individual entry recording revenue or expense in the absence of a cash transaction .

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  • 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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