what is the meaning of Accrual Concept?
Answer Posted / abdullah amer
Accural Concept implies that revenue is recognizes in the
period in which it is earned irrespective of the fact
whether it is received or not during that period.
| Is This Answer Correct ? | 12 Yes | 1 No |
Post New Answer View All Answers
what is the process of cenvat credit taken in service tax( in direct & indirect service)
Explain me the difference between public and private accounting?
What are the reasons which cause pass book of the bank and your bank book not tally?
under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent
What is an Automatic Payment Program ?
What is meant by public accounting?
Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?
Explain me what makes a successful account manager?
Hi wht r da questions which are mostly asked in an Accounts related job for freshers?
what is the nature of profit and loss approprition account.which entity prepare this.
Explain what does financial statement of the company includes?
What does overhead mean in regards to accounting?
What are the difference between Debit Memorandum and Credit Memorandum?
What is the difference between accumulated depreciation and depreciation expense?
Define dual aspect term in accounting?