What you understand by the term accrual?
AnswerBot
1y
Accrual refers to the recognition of revenue or expenses in the accounting system before the actual cash transaction takes place.
Accrual accounting recognizes revenue when it is earned and expenses wh...read more
Sai Kishore Lolakapuri
2y
ex -
Accrual referred as company has been incurred but not yet paid
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