Answer / praveen shettigar

income earned but not received& expenses incurred but paid
in next month.

Answer / shujjat bhatti

accrual accounting means if sale some thing on account and
cash not receive that is called accrual accounting and if
we utilize utility bills and payment made on next month
that expense is also called accrual acounting base.

Answer / babhu kanchupalli

Basis of accounting is mainly devided into two types..They are cash basis of accounting, accrual basis of accounting..

Based on accrual basis of accounting Expenses are recorded when they are incurred but not when they are paid.....same way Revenue is recognized when they are earned but not when they are received.....
Ex : 1 . Prepaid expenses.
2 . Unearned income.

These are some of the examples of accrual basis transactions.

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0 Answers   RBI,

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Sir, I am a B.Com graduate .I would like to know the options i can get if iam planning to go for a job. Kindly request you to help since i dont know what to do. Waiting for the reply. Thanking you

2 Answers   IBM,

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Differentiate between Cost Accounting and Financial Accounting?

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0 Answers   RBI,

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1 Answers  

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what is mutual funds ? explain in simple words

3 Answers  

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Will Bankruptcy Affect My Credit?

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