wem
Jan 14, 2008, 05:49 AM
What is the accrual basis of accounting equation?
pready
Jan 14, 2008, 08:11 AM
Accrual Accounting is the recognition of revenue when earned and expenses when incurred.
Example: Service provided for a client but not yet billed. Expenses Incurred include Workers work for the period i.e.. Wages earned but not yet paid.