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Accrual Entry

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

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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

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