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what is Accrual ?
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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..
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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 |
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eps,ROA,AMORTIZATION,DIFFERENCE BETWEEN GROSS PROFIT AND NET PROFIT,
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
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Is closing stock will recorded in Trail balance?
EXPAND______________RTGS
Audit 
