AccountingBLOCK

jsean · 04-11-2008, 06:39 PM

Using accrual accounting, expenses are recorded and reported only when they are incurred, whether or not cash is paid ? when they are incurred and paid at the same time ? if they are paid before they are incurred ? if they are paid after they are incurred ?

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, 06:39 PM	#1 (permalink)
jsean Status: n00b Join Date: Apr 2008 Posts: 3 Credits: 152	Please clearify accrual accounting Using accrual accounting, expenses are recorded and reported only when they are incurred, whether or not cash is paid ? when they are incurred and paid at the same time ? if they are paid before they are incurred ? if they are paid after they are incurred ? __________________ Sean

04-11-2008, 07:12 PM	#2 (permalink)
ZaddY Status: Owner/Administrator Join Date: Mar 2008 Location: Bay Area, CA Posts: 145 Credits: 4,281	In accrual accounting, expenses are recognized when they are incurred, whether or not cash is paid. __________________ Zahid H. Lilani

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