ferrus
Jun 17, 2010, 04:00 PM
Explain acruals and how to use it on a accounting trial balance sheet
Clough
Jun 17, 2010, 11:28 PM
Hi, ferrus!
Until someone comes along personally to address your question, you might want to click on the following link to see what information is available.
LINK (http://www.google.com/search?hl=en&safe=off&q=Accruals+Accounting+Trial+Balance+Sheet&aq=f&aqi=&aql=&oq=&gs_rfai=)
Thanks!
morgaine300
Jun 22, 2010, 02:07 AM
An accrual is when there's either been an expense incurred or a revenue earned, but no money has yet exchanged hands for it.
In the case of the expense, you haven't paid it yet so it goes into a payable.
In the case of a revenue, you haven't been paid yet so it goes into receivables.
So payables and receivables are always things being accrued.