what is the meaning of accrual basis of accounting
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Hey , here is ur answer !
Under the accrual basis of account expences are matched with the related reverences and /or are reported when the expense occur
not when the cast is paid . The result of accrual accounting is an income statement that better measures the profitability of a company during a specific time period .
hope it will help u .
Under the accrual basis of account expences are matched with the related reverences and /or are reported when the expense occur
not when the cast is paid . The result of accrual accounting is an income statement that better measures the profitability of a company during a specific time period .
hope it will help u .
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