Cambrige Notes: Principles of Accounting: Accruals and Financial Statements
Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Accruals and Financial Statements
- Accruals are amounts owing at the end of the period when they are due
- For this reason they are sometimes known as owings
- There are two types of owings in busines:
- Owed income which is accrued income at the end of the period for example when […]
- Owed income which is accrued income at the end of the period for example when […]