what is accural
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Answer / nitin
accural means adjustments in final account is also adjusted
to get fair value of financial statement on a particular
period of time.there are of two types of accounting accural
basis or cash basis but accural basis is basically followed
in every sphere of accounting this concept says we don't
only cash but also prepaid or outstanding transaction as
well.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / gouthami
the trader may earn the income by rendering some services
but income was not realised in money but definetly realise
in future.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / shankar kumar
Accrual means occerance or becomming due of revenue or
expenses rather actual receipt. it is mainly used for give
the actual position in BS for a particular period.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / satish sirikonda
accrual means transaction done but we can not get the
payment / receipt
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