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what is the entry for accrual expense and accrual income.
And how they are treated.
Thanks.
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Answer Posted / p. vedha
accured expenses means expenses paid in advance
example : prepaid expenses a/c dr
to concerned expenses a/c cr
accured income means income received in advance
example : concerned income a/c dr
to income received in advance a/c
| Is This Answer Correct ? | 19 Yes | 15 No |
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