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Entry in a/c
When entry isnt made in a/c .you might say that in uneconomic activity but when there's outstanding amount or anything payable we make its entry in the books even if there's s no exchange of cash..
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Entry Can be made on accural basis if there are accounting system is mercantile and if there are accounting system is cash than entry cannot be made.
Let s a says me that i m gonna buy 1000rs of goods then his accrued amount is 1000 . Then we don't pass it s entry.
Lets say if A has Told me that he's gonna buy goods worth rs. 1000 then we won't make any entry in the books in advance until it s get paid and goods are exchanged then when he says it becomes accrued for him to me. Yet no entry is passed
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