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What is the difference between accrue at period end and
accrue on receipt?
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Answer Posted / prasad
Accrue on Period
The Goods/service items which are already received by the Organisation however pending for receipt to be craeted,
a provision for Journal entry posted for these type of accrual which is payable in near future and is due for payment.
(Value already entered/reflect in the System - GL)
Accrue on Receipt
The Goods/service items which are already Receipt created, and is due for payment.
(Value already entered/reflect in the System - Receipt )
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