This concepts simply states that all revenue and and expenses are credited to the correct accounting period, not simply when the cash is received or payment made.
Do you mean ''What does the AUM Mantra mean?''
No, but sometimes "average" means "mean" - when it doesn't mean median, geometric mean, or something else entirely.
The answer will depend on who you mean by HE.The answer will depend on who you mean by HE.The answer will depend on who you mean by HE.The answer will depend on who you mean by HE.
There is no statistical term such as "deviation mean".
1. Material Receipt Receiving Accural Dr AP Accural Cr 2. On completion on inspection and accepting of goods Inventory Dr Receiving Accural Cr The Above given 2 entries are in PO module 3. On entering Invoice in AP AP Accural Dr Accounts Payable Cr 4. On Making payment Accounts Payable Dr Cash/Bank Cr
Accural accounting provides a uniform method to measure an organization's financial performance.
This concepts simply states that all revenue and and expenses are credited to the correct accounting period, not simply when the cash is received or payment made.
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expenses on an accrual basis are greater than expenses on a cash basis
I have question to Current ration, in order to my exam there is no given format. For currest ratio : current assets /and current libility which is given which can be relationship to these words; Current ration: current assets:inventory+ account receivable+ cash equivanlents+ cash Current liability: accruals +account payable+ notes payable. Pls give me any other words using to get the answer . Thank you.
According to accural concept, expenses incurred and revenue earned during the accounting period should be recorded in the same period of accounts regardless of the actual receipt of payment of cash. According to prudence concept revenue should be recognized only when it has been realized.Revenue is recognized in the period in which it is earned irrespective of the fact whether it is received or not during that period. for example: when a product delivered to a customer the company records a revenue even though the customer will pay after 30 days.
he was a mean person who lived with mean people in a mean castle on a mean hill in a mean country in a mean continent in a mean world in a mean solar system in a mean galaxy in a mean universe in a mean dimension
you mean what you mean
Mean is the average.
Mean
It mean what you don't what does it mean.