Question

in which basic of accounting accrued incomes are recorded
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Answer 1

Answer:

the accrued expense will be recorded as an account payable under the current liabilities section of the balance sheet and also as expense in the income statement

Answer 2

Explanation:

Accrual accounting is an accounting method

where revenue or expences are recorded when

a transaction occurs rather than when payment

is received or made. The method follows the

matching principle ,which says that revenue

ans expences should be recognised

in the same period.

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