Answer / h.r. sreepada bhagi

As per Accrual Concept of Accounting Expenses & Revenues are
accounted in the accounting period to which it relates
(accounted in the year of accrual)and not when the same is
paid or received.
As against Accrual concept, expenses and incomes are
accounted when they are settled by making payment between
the parties to the transaction.

Answer / pragadisan

Business transactions are recorded when they occur and not when the related payments are received or made. This concept is called accrual basis of accounting and it is fundamental to the usefulness of financial accounting information.

Answer / saleem

nothing but zero

Answer / vinay kumar. pagidikondala

According to Accrual concept is air transactions even though
not yet settled in cash are taken in to accounts.

Answer / vaseem ahmed

Accrual Concept is refers to Double Entry system.
Double Entry system of book keeping is known as Accrual
Concept of Accounting.

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