Question

What is Asset Accrual Method ?​

Answer 1

Answer:

In hire and installment purchases, a method under which, the asset account is debited initially with the down payment (if any). The asset is debited with the purchase price paid in each installment

Hope it helps U✌️✌️✌️✌️...

Answer 2

Explanation:

Asset Accrual Method: Under this method it is considered that the hire-purchaser is the owner of the asset up to the value of the cash price paid by him in the from of down payment or the cash price paid included in various instalments