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Accruals

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 December 2013 Dear Expert,

I want to know what is accruals & why it is created on monthly basic in the books of accounts.
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CA Kedar Sakhardande

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CA Kedar Sakhardande (Expert)
17 December 2013 Accrual is a provision

it is done peridically to follow " matching concept" to ensure that cost is compared with revenue and correct profit is known

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