Accountancy, asked by Aswinipacha, 3 months ago

how will you recognise revenues and expenses under accrual basis of accounting​

Answers

Answered by rahulkumar24032008
2

Answer:

Under the accrual accounting method, revenue is recognized and reported when a product is shipped or service is provided. Basically, when the sale occurs.

Answered by nehabhosale454
28

Answer:

Under the accrual accounting method, revenue is recognized and reported when a product is shipped or service is provided. Basically, when the sale occurs.

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