Question

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

Answer 1

Answer:

hsjNzbgdiamabcznansbsbskakhBzbMIHsbsbankKzhbana

Answer 2

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.