what is accrual basis of accounting

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• Himanshu
• 1774 Views
• 2 Answers

• strongAccounting method/strong that records revenues and expenses when they are incurred, regardless of when cash is exchanged. The term "strongaccrual/strong" refers to any individual entry recording revenue or expense in the absence of a cash transaction .

  • Shreya
  • 14 Jul
  • 0 Comment

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• Under the accrual principal, we write down all incomes and expenses when they incurred. Please see the book it is clearly written there.

  • Sangam
  • 04 Jul
  • 0 Comment

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