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Entry in a/c

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31 Points Posted on 17 May 2012
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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On 17 May 2012 at 08:21 Report
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Commercial Officer
178 Points Posted on 17 May 2012

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.

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On 17 May 2012 at 09:55
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31 Points Posted on 17 May 2012
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.
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On 17 May 2012 at 14:33
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31 Points Posted on 17 May 2012
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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On 17 May 2012 at 14:41


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