Question

what you understand by accrual basis of accounting.... ?​

Answer 1

Answer:

accrual basis of accounting definition. 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

Answer:

Accounting method that records revenues and expenses , when they are incurred, regardless of which cash is exchanged. the term "accrual refers to any individual entry recording revenue or expense in the absence of a cash transaction.

Explanation:

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