| |
GeekInterview.com > Interview Questions > Accounting > Accounts Payable
| Print | |
Question: Accrual Entry
Answer: What is an Accrual entry? |
| September 09, 2009 07:58:45 |
#1 |
| chinnaguntupalli |
Member Since: September 2009 Total Comments: 15 |
RE: Accrual Entry
|
| Accrual entry is the entry to record an unaccounted expense in current month books of accounts to ensure creating a provision for accounting in subsequent month, this is an auto reversal entry, which need to be revesed on first day of subsequent month |
| |
Back To Question | |
