meaning of accural
This query is : Resolved
02 December 2008
hi
what is accural and how does it differ from provisons
what is accural and how does it differ from provisons
03 December 2008
Provision arises because of accrual system. Its not different from accrual.
Accrual means recognising the income & expense in the period in which it is done, irrespective of any cashf outflow or inflow.
Accrual means recognising the income & expense in the period in which it is done, irrespective of any cashf outflow or inflow.
03 December 2008
Hi
I need to know the differences between the provision and accural bcos at the month end closing people used to say pass the accural entry. could you please explain me in brief with an example
I need to know the differences between the provision and accural bcos at the month end closing people used to say pass the accural entry. could you please explain me in brief with an example
03 December 2008
Every month Provision can be made for PF,ESI etc.The provision can be equal to amount payable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Bogus purchase treatment for it act gst dealer
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
