define accrual concept
Answers
Explanation:
Conceptions of God in monotheist, pantheist, and panentheist religions – or of the supreme deity in henotheistic religions – can extend to various levels of abstraction:
as a powerful, human-like, supernatural being, or as the deification of an esoteric, mystical or philosophical entity or category;
as the "Ultimate", the summum bonum, the "Absolute Infinite", the "Transcendent", or Existence or Being itself;
as the ground of being, the monistic substrate, that which we cannot understand; and so on.
The first recordings that survive of monotheistic conceptions of God, borne out of henotheism and (mostly in Eastern religions) monism, are from the Hellenistic period. Of the many objects and entities that religions and other belief systems across the ages have labeled as divine, the one criterion they share is their acknowledgment as divine by a group or groups of human beings.
Accruals Concept is the most fundamental principle of accounting which requires recording revenues when they are earned and not when they are received in cash, and recording expenses when they are incurred and not when they are paid.