AccountingBLOCK - Accounting Forums - View Single Post

ZaddY · 04-11-2008, 07:12 PM

In accrual accounting, expenses are recognized when they are incurred, whether or not cash is paid.

04-11-2008, 07:12 PM	#2 (permalink)
ZaddY Status: Owner/Administrator Join Date: Mar 2008 Location: Berkeley, CA Posts: 160	In accrual accounting, expenses are recognized when they are incurred, whether or not cash is paid. __________________ Zahid H. Lilani