What is accrual? Give example for the same?

Question Posted / tinaresh

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What is accrual? Give example for the same?..

Answer / a.madhu sudhan rao

Accrual Means Outstanding

Wages A/c Dr
To Outstanding Wages

Outstanding Income

To Income

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What is accrual? Give example for the same?..

Answer / satyaki_raju@yahoo.com

An accounting system which recognises revenues and expenses
as they are earned are incurred respectively without regard
to the date of receipt or payment

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2 No

What is accrual? Give example for the same?..

Answer / aparna reddy

accrual means due but not paid or we can say outstanding

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0 No

What is accrual? Give example for the same?..

Answer / seenu

Accrual basis means due but not received are paid.

For example:

If some companies will deposit an amount in bank for one or
more than one years. Then interest will be paid when the
deposit matured. But end of the financial year the interest
income will be provided as interest accrued between deposit
date and end of the financial year end.

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1 No

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