what is accrual concept

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Financials are maintained by using the accounting concept (1 ) Prudence Concept ...
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19-March-2015

Question added by Amir Sohail , Shift Manager , Chargrilled Chicken
Date Posted: 2013/06/05

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by Imran Ahmad , Accountant/Internal Auditor , THE LEATHER POINT

Business transactions are recorded when they occur and not when the related payments are received or made. This concept is called accrual concept

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