Accountancy, asked by vismeetkaur22, 11 months ago

What is the accrual concept?

Answers

Answered by RDEEP90

mark krdo please

Accrual of something is, in finance, the adding together of interest or different investments over a period of time. It holds specific meanings in accounting, where it can refer to accounts on a balance sheet that represent liabilities and non-cash-based assets used in accrual-based accounting.

RDEEP90: hi mark me

vismeetkaur22: You just copied it from the internet. Her explanation was more friendly and that helped me more so

vismeetkaur22: But well thanks for answering anyways

RDEEP90: bus kr

RDEEP90: i dont know much English

vismeetkaur22: It's fine! Not a big deal :/

RDEEP90: what is this

RDEEP90: can u translate in Punjabi or Hindi

vismeetkaur22: Kuch nahi hota. Koi badi baat nahi hai ‍♀️

RDEEP90: ok ji

Answered by malvika10000

accrual concept is an assumption in accountancy

according to this assumption a transaction is recorded in the books of accounts at the time when it is entered into and not when settlement takes place whether cash is receivable or payable ....

hope my ans . helps u, ☺️

chinnu1866: or others

RAHULfromlucknow: for me

chinnu1866: for

malvika10000: thnx. boss

RAHULfromlucknow: to whom

malvika10000: to the one who said ne cool

malvika10000: me*

RAHULfromlucknow: okk

malvika10000: hmm

chinnu1866: hii

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