Question

What is the accrual method of accounting?

Answer 1

Jo income jis year se relate karti h chahe kamayi h ya nahi mili h ya nahi use usee sal dikha ya jayega & also Jo kharcha jis sal se relate karta h chahe pay kiya h ya nahi use usee sal dikha ya jayega

Answer 2

Under the accrual basis of accounting, revenues are reported on the income statement when they are earned. ... Under the accrual basis of accounting, expenses are matched with the related revenues and/or are reported when the expense occurs, not when the cash is paid.