The use of accrual accounts has greatly increased the amount of information on accounting statements. Before the use of accruals only cash transactions were recorded on these statements. But cash transactions don't give information about other important business activities, such as revenue based on credit and future liabilities. By using accruals, a company can measure what it owes looking forward and what cash revenue it expects to receive. It also allows a company to show assets that do not have a cash value, such as goodwill.
--
-- On Sun, Feb 13, 2011 at 6:30 PM, bc090200586 Naveed Ul Haq <bc090200586@vu.edu.pk> wrote:
what is accrual???
please tell me answer???
--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
Please visit www.vuaskari.com, get registered for old papers, quiz, assignments and GDBs...
You received this message because you are subscribed to the Google
Groups "VU ASKARI" group.
To post to this group, send email to askarivu@googlegroups.com
For more options, visit this group at
http://groups.google.com/group/askarivu?hl=en?hl=en
--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
Please visit www.vuaskari.com, get registered for old papers, quiz, assignments and GDBs...
You received this message because you are subscribed to the Google
Groups "VU ASKARI" group.
To post to this group, send email to askarivu@googlegroups.com
For more options, visit this group at
http://groups.google.com/group/askarivu?hl=en?hl=en
Comments
Post a Comment