What you mean by Accruals
Answers were Sorted based on User's Feedback
Answer / masif130289
Accrual means Outstandig and it is liability
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / tejas
This is an out standing expnese & could be releted &
payable to the current financial year which shuld be
accounted in the same year this can help to calculate the
accurate profitability
| Is This Answer Correct ? | 6 Yes | 2 No |
Short Answer on ________Adjusting Entries
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