Question

what is Accural basis of Accounting ​

Answer 1

Answer

The accounting method under which revenues are recognized on the income statement when they are earned (rather than when the cash is received).

Answer 2

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Accrual Accounting

$\bold{Definition\: :--}$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.

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