Accrual Accounting

jj254 · #1 Oct 8, 2007, 11:57 AM

How does one find the net income using accrual accounting

atunaisa · Oct 9, 2007, 04:10 AM

Quote:

Originally Posted by jj254

How does one find the net income using accrual accounting

we calculate net income through accrual basis by subtracting expenses as they are incurred from income as earned. The income and expenses in other words is not determined as they earned or paid but when realised to have been earned or incurred.



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