Question

What is Accrual Basis of accounting..??​

Answer 1

Accrual refers to an entry made in the books of accounts related to the recording of revenue or expense paid without any exchange of cash. ... Under the accrual method of accounting expenses are balanced with revenues on the income statement. It helps give a better picture of the company's financial condition.

Answer 2

Accrual refers to an entry made in the books of accounts related to the recording of revenue or expense paid without any exchange of cash. Under the accrual method of accounting expenses are balanced with revenues on the income statement. It helps give a better picture of the company's financial condition.

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