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Accrual concept recognizes revenue and expenses when they are earned/incurred, regardless of when cash is received/paid. Accounting standards provide guidelines for financial reporting.
Accrual concept is based on matching revenue and expenses in the same accounting period
Revenue is recognized when it is earned, not when cash is received
Expenses are recognized when they are incurred, not when cash is paid
Accounting stan...
posted on 16 Jan 2025
I applied via Campus Placement
Mostly Aptitude, Reasoning,Verbal in the round-1 with 60 questions
2 programming questions - you can select which language u are comfortable
based on 1 review
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