what is accrual concept?
Answer Posted / nitesh
the revenues and expenses are recognized when they are
earned or incurred and not when the actual money was
received or paid.
| Is This Answer Correct ? | 12 Yes | 0 No |
Post New Answer View All Answers
How to treat company managers personal expenses met by company if he is not taking salary from company and in future salary will be payable after deducting all personal expenses (salary amt will be decided only at paying year). pass journal entries
explain the relevance of closing stock account in trading a/c when preparing the gross profit?
Tell me why do you apply for a job of an account executive?
what is share application money pending allotment?
Revenue Expenditure
one bank account transaction example ebanking raj medical 500000 dr. second bank account ebanking raj medical 500000 cr what is the entry in tally erp can it is contra contry or not please explain
I have interview in Accenture,already anyone attend the interview, kindly gave some information about accounts interview & also about the company.
Sir how the enter of GST adjust of sales return
state (5) accounting concepts and give 1 example of each
say something about your school
Was there a time when you lost the chance to engage a prospect? What happened and what did you learn?
What Is Responsibility Accounting?
Explain financial accounting. What are its characteristic features?
how will rectify the error in trial balance.
What is the provision?