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    wem Posts: 4, Reputation: 1
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    #1

    Jan 14, 2008, 05:49 AM
    What is the accrual basis of accounting equation?
    What is the accrual basis of accounting equation?
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    pready Posts: 3,197, Reputation: 207
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    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.
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