An expense becomes an accrual because it
...An expense becomes an accrual because it
Is due for payment
Is a Profit and Loss Account item
Is a Trading Account item
Is to be paid within the next one year
Must appear in the balance sheet
Correct answer is A
No explanation has been provided for this answer.
Closing stock was overstated. The effect is that ...
Gross profit in the branch adjustment account is transferred to the branch____________ ...
Which of the following is accounted for in receipts and payment account? ...
The accounts maintained in the nominal ledger are ...
1/1/2010 31/12/2010 Creditors - #9,000 #9,800 Rent owing - #3,800 #2,500 Rates prepaid - #2,000 #...
The objective of allocating all costs to producer is to? ...
N Bank account 59,410 Capital account 50,000 Purchase account 20,000 Rent 2,500 Stationery 90 ...
Use the following information to answer the given question: \(\begin{array}{c|c} & N \\ \hl...