Accountancy, asked by radhakrishna5698, 7 months ago

21 According to accumulation concept of
accounting, financial or business
transaction is recorded:

Answers

Answered by akshitanegi26
3

hey \: mate \: here \: is \: your \: answer

........

Accrual accounting is an accounting method where revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. The method follows the matching principle, which says that revenues and expenses should be recognized in the same period.

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