rent for the month of march 2018 is not paid under which accounting concept it should be recorded as expense for the year ended 31 march 2018.
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Under Mercantile Accounting System.
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under accural concept of accounting
accrual concept meaning :The accrual concept in accounting means that expenses and revenues are recorded in the period they occur, whether or not cash is involved. The benefit of the accrual approach is that financial statements reflect all the expenses associated with the reported revenues for an accounting period
accrual concept meaning :The accrual concept in accounting means that expenses and revenues are recorded in the period they occur, whether or not cash is involved. The benefit of the accrual approach is that financial statements reflect all the expenses associated with the reported revenues for an accounting period
sujiritha95:
pls mark it as brainliest answer
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