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
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- Multiple payment of self assessment tax for A Y 2025-2026
- Gst reverse charge mechanism to be claimed in the month of payment
- Taxation on Old jewellery sold
- PF wage ceiling
- Itr processing refund
- Error in uploading Form 10BD
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
