Answer / praveen shettigar

income earned but not received& expenses incurred but paid
in next month.

Answer / shujjat bhatti

accrual accounting means if sale some thing on account and
cash not receive that is called accrual accounting and if
we utilize utility bills and payment made on next month
that expense is also called accrual acounting base.

Answer / babhu kanchupalli

Basis of accounting is mainly devided into two types..They are cash basis of accounting, accrual basis of accounting..

Based on accrual basis of accounting Expenses are recorded when they are incurred but not when they are paid.....same way Revenue is recognized when they are earned but not when they are received.....
Ex : 1 . Prepaid expenses.
2 . Unearned income.

These are some of the examples of accrual basis transactions.

how many companies are thr in BSE and NSE? how many companies are common in both BSE and NSE?

3 Answers  

---

Which was the regulatory authority before SEBI?

0 Answers   SEBI,

---

Have you faced any failure in life? If yes, how did you overcome it?

0 Answers   State Bank Of India SBI,

---

what is entry load? what is exit load?

6 Answers   Capital IQ,

---

Brief us all about what you know about Hughes Systique.

0 Answers   HPCL, Hughes Systique Corporation,

---

---

What Is Line Of Credit?

0 Answers  

---

Highlight some facts of Union Budget 2016- 2017?

0 Answers   State Bank Of India SBI,

---

What is Prime Lending Rate?

0 Answers   RBI,

---

What is the role of NABARD in developing the economy?

0 Answers   RBI,

---

Can the profits of a company be known from its balance sheet?

1 Answers   State Bank Of India SBI,

---

Which Exchange determine Foreign Exchange/Currency Rate?

6 Answers   HDFC,

---

What is Fiscal Policy?

1 Answers   SEBI,

---