Accruals
This query is : Resolved
Querist : Anonymous
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.
I want to know what is accruals & why it is created on monthly basic in the books of accounts.
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
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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