Colliers International Interview Question: What is an accrual?... | Glassdoor.co.uk

Interview Question

Assistant Management Accountant Interview London, England

What is an accrual?

Answer

Interview Answer

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Accrual refers to an entry made in the books of accounts related to the recording of revenue or expense paid without any exchange of cash.

The use of accrual accounting is typically useful in businesses where there are a lot of credit transactions or the goods and services are sold on credit.

Anonymous on 18 Jun 2018

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