Accruals. This why revenue can be recognised firat
Sales books always running in sequence like invoice number, date etc. but payment is not sure. suppose you make an invoice on dated 31-12-2020 and payment not received till 31-12-2021.Then how would you record your sale.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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Shaswat initial support private limited
Ahmedabad
CS
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CAclubindia
