what is Accrual ?
- 6 Answers
- 6766 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / aparna
it means outstanding.income which is yet to be received
or expense which is yet to be paid
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / ravikumar123
recording revenues and expenses whether received or nor in
cash or not
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / javeed
IT MEAN YET TO BE RECIVED OR YET TO BE PAID
i.e outstanding amount
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / rajaram kolle
Accrual basis of accounting is to create liabilities and
assets in the books as soon as it becomes receivable or
payable, irrespective of their receipt and payment. Example,
Booking expenditure for Rent, Interest, salaries on last day
of the month, so that the profit and loss account and
balance sheet gives a correct picture as on that date, while
preparing financial results.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / bharathi.c
Accrual means the expenses and incomes relates to that month but not received and paid is called accrual.
example:rent ,salaries..
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sameercn
Accumulation of any revenue money as per the business
triggers, i.e. before actual income comes in.
| Is This Answer Correct ? | 1 Yes | 3 No |
what Bank Reconcilation ?
A furniture dealer purchased 10 units of sofa sets each costs 2500 out of which one is for shop purpose.Pass necessary entry
Even if Trial balance tallies.there will show some errors why? what is the reason?
What is wealth maximisation
CONTIGENT LIABILITYES
11 Answers Accenture, Genpact, Siemens,
what is Calculation of Depreciation for 4 to 5 Years?
What are operating Costs?
where do you enter a closing stock
company's total overhead expense is containing which are the expenses? Definition of overhead expense.
How do you value freehold property investment assets?
How does a company earns profits?
0 Answers BA Continnum Solutions,
Short Answer on _________Revenue Expenditure
Audit 
