Explain the concept of accrual with example.
Answers
Answered by
5
Explanation:
Accrual 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.
Answered by
16
Answer:
Accrual 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.
Explanation:
Mark as brainlist
Similar questions