Going concern
Matching concept is the basis for accrual accounting system so Yes they are same.
Accrual accounting is a system which recognizes revenue or expense when it is earned or incurred but not when it is paid or received.
An application of accrual accounting is the notation of expenses as opposed to revenue earned in the same period. Revenue is only shown when it is realized or expected. In accrual accounting assets minus liabilities equals revenue.
answer pliz
no
Matching concept is the basis for accrual accounting system so Yes they are same.
Cash accounting is simple and easy but accrual accounting is recommended as it's uses the matching concepts according to which revenues of same fiscal year are matched with expenses and more accurate method.
advantage modified accrual accounting in government
Accrual accounting is a system which recognizes revenue or expense when it is earned or incurred but not when it is paid or received.
An application of accrual accounting is the notation of expenses as opposed to revenue earned in the same period. Revenue is only shown when it is realized or expected. In accrual accounting assets minus liabilities equals revenue.
answer pliz
no
Matching concept is the basis of accrual accounting system under which all expenses to earn revenue should be match within same fiscal year so it is part of accrual accounting system
Accrual basis accounting:Recognizing non-cash circumstances as they occur.
Yes unearned revenue is only available in accrual accounting because in cash accounting sales is considered as sales as soon as cash is received.
Yes it is a change in accounting principle. And a rather drastic change. Accrual Basis of accounting is the most fundamental accounting assumption which is regarded throughout the world. Thus if a person either departs or adopts the accrual basis its a change in accounting principle.
IFRS