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.
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