What is accrual basis accounting?

Question

ahmed abdallah · Answer

Is the basis of the revenue interview in the period in which it was incurred

Soliman Abd ALmalak Gendy · Answer

Accrual basis accounting:
-Expenses are reported on the  income statement in the period when they occur or expire
-Revenues are reported on the income statement when they are earned.

Mohammed El Tahir Mohammed Yousif · Answer

Accrual basis accounting recognizes revenue and expenses when services are delivered or received

Under accrual basis accounting

Revenue recognition: when revenue is earned

Expense recognition: when related revenue is recognized

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What is accrual basis accounting?

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