Accrual

This query is : Resolved 

20 August 2013 What is accrual tell me simple words

20 August 2013 It means suppose u incur expenditure of rs 100 for buying stationary on credit basis but will be paid later then you should book such exp not when paid but when u purchased.
This is accrual in simple words.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query