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Define accural concept

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Define accural concept

Posted by Divyam Bansal 7 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Sakshi Sharma ??️??️??️ 7 years, 4 months ago

The accrual concept in accounting means that expenses and revenues are recorded in the period they occur, whether or not cash is involved. The benefit of the accrual approach is that financial statements reflect all the expenses associated with the reported revenues for an accounting period.

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CBSE > Class 11 > Accountancy

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