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What is accrual basis of accounting
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Answer / ravindra
Accrual basis of accounting. The other form is the cash
basis of accounting, where revenue is recorded only when
cash is received, and expenses are recorded only when cash
is paid.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / mahendra rajput
Accrual means the transaction still has not been occur, but
in future it will be done and for the same we do the
accounting entry in advance, it is called accrual basis of
accounting.
| Is This Answer Correct ? | 2 Yes | 0 No |
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