Question

what is accrual basis of accounting

Answer 1

In which Prepaid exp and outstanding exp, along with accrued income are considered
to get the best results

Answer 2

==============ⓢⓦⓘⓖⓨ

$\bold{hello...frd\:swigy\:here}$

==============ⓢⓦⓘⓖⓨ

$\bold\red{Accrual\:Accounting}$

Definition: Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged. The term "accrual" refers to any individual entry recording revenue or expense in the absence of a cash transaction.

I hope, this will help you

=======================

·.¸¸.·♩♪♫ ⓢⓦⓘⓖⓨ ♫♪♩·.¸¸.·

___________♦♦⭐♦ ♦___________