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 .