what is the entry for accrual expense and accrual income.
And how they are treated.
Thanks.
Answer Posted / manoj kumar pramanik
By Expenses a/c dr.
To Expenses Payable a/c cr
By Income Receivable a/c dr.
To Income a/c cr.
| Is This Answer Correct ? | 18 Yes | 1 No |
Post New Answer View All Answers
How do you feel u contributed to its effectiveness?
i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details
Do you know the different types of audits?
How to do an internal audit effectively?
how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)
Whether interstate purchase of High speed diesel by mines at concessional rate is allowable ?
What are the basic principles of an internal audit controlsystem?
i want question papers audit staff selection examination
What is audit control procedure?
why auditors are not true and faire statement of account
i have to finalize a mineral water co. for the year 2014-15 and i want to know that what will be rate of excise duty on sale of mineral water.
what supporting documents do we vouch to for sales, purchases, receivables, payables, sales cutoff, and liabilities cutoff?
Which books are helpful for practising accounting's most tricky sums?
What are intangible assets?
Explain the before an audit processes?