Business Finance
Explain what accrual method of accounting means? Assignment Homework Help

Question Description

Explain what  accrual method of accounting means? Please discuss comprehensively and provide samples when possible. This needs to be at least 300 words.

Final Answer

Running head: ACCRUAL ACCONTING.

1

ACCRUAL ACCONTING.
Name:
Professor:
Date:

Running head: ACCRUAL ACCONTING.

2

The accrual accounting, incomes are accounted for on the salary/salary statement when
they are earned. (Under the money assumption of accounting, revenues are recorded on the wage
proclamation when the installment is gotten.) Under the collection premise of accounting, costs
are coordinated with the rel...

goodwin (40)
Boston College

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