What is accrual calculation?
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Answer / annu
Some expenditure not timely occur like employee bonus and
incentives that type expenditure we treat as accural
expenditure. We put these under accural cost elements for
controlling purpose.
Is This Answer Correct ? | 20 Yes | 3 No |
Answer / raju
Income / expenditure pertaining to particular period should
accounted for in the same period i.e.. called accrual
calculation. eg : (salaries payable, rent payable)
Is This Answer Correct ? | 11 Yes | 5 No |
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