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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.
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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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