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Fill in the blanks with suitable word/words :?

Fill in the blanks with suitable word/words :

(i) Accrual concept relates to the determination of .

(ii) Goods of Rs.,,(Fifty Thousand) are sold onth March but payment is

received onth April. It will be a revenue for the year

ending .

(iii) Accrual concept requires revenue is recognised when .

and expenses are recognised when they become .

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Question added by Mohammad Iqbal Abubaker , Jahaca Pty Ltd - Accounts Administrator , Jahaca Pty Ltd - Accounts Administrator
Date Posted: 2017/03/09
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