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When would you recognise an expense for an accrued expense? (Period)

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Question added by Elvie Mayol , Archives clerk , Noor Commercial DMCC
Date Posted: 2016/07/30
Amit Raithattha
by Amit Raithattha , Financial Controller , Al Sharq Al Aqssa Trading Co LLC

Once expenses are accrued it needs be recognised and booked as expenses for the period when it is accrued even though payment has been deferred. 

Muhammad Khan
by Muhammad Khan , General Manager Operations , QFAWS ENGINEERING (PVT) LTD

once the expenses are identified and accrued, and would be recorded in that period besides that fact that payments are done or postponed..

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