Answer / a.madhu sudhan rao

Accrual Means Outstanding

Wages A/c Dr
To Outstanding Wages


Outstanding Income

To Income

Answer / satyaki_raju@yahoo.com

An accounting system which recognises revenues and expenses
as they are earned are incurred respectively without regard
to the date of receipt or payment

Answer / aparna reddy

accrual means due but not paid or we can say outstanding

Answer / seenu

Accrual basis means due but not received are paid.

For example:

If some companies will deposit an amount in bank for one or
more than one years. Then interest will be paid when the
deposit matured. But end of the financial year the interest
income will be provided as interest accrued between deposit
date and end of the financial year end.

What is the Voucher entry (In Tally) if the Office Expenses of Company A is being made by Company B on behalf of Company A?

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what happens to each of the three primary financial statements when capital expenditures decrease?

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what is net turnover and how to calculate?

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Realization concepts of revenue?

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Expand C C A

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write an email to custmer

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purchase of stationey to proprietors daughter debited to stationery a/c.rectify it

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suppose you are going to start new financial year then What treatment you will do of previous year balence sheet ( like previous year prepaid,provision etc) in current financial year.

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