What is accrual calculation?
Answers were Sorted based on User's Feedback
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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