Accountancy, asked by harshtomar3948, 7 months ago

rent for the month of march is not paid under which accounting principle it should be recorded in books​

Answers

Answered by nosiphomajola003
0

Answer:

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

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