GeekInterview.com
Series: Subject: Topic:
Question: 59 of 184

Accrual Entry

What is an Accrual entry?
Asked by: manikanthan | Member Since Apr-2009 | Asked on: Apr 27th, 2009

View all questions by manikanthan

Showing Answers 1 - 1 of 1 Answers

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

Yes  1 User has rated as useful.
  
Login to rate this answer.

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.

Related Open Questions

Ads

Connect

twitter fb Linkedin GPlus RSS

Ads

Interview Question

 Ask Interview Question?

 

Latest Questions

Interview & Career Tips

Get invaluable Interview and Career Tips delivered directly to your inbox. Get your news alert set up today, Once you confirm your Email subscription, you will be able to download Job Inteview Questions Ebook . Please contact me if you there is any issue with the download.