Is an example of an accrual?
Common examples of accruals: Unpaid invoices – where a sale has taken place but the cash is yet to change hands. VAT – where tax has been collected but not yet submitted to the government. Salary and wages – where pay has been earned but payday hasn't come around yet.
Common examples of accruals: Unpaid invoices – where a sale has taken place but the cash is yet to change hands. VAT – where tax has been collected but not yet submitted to the government. Salary and wages – where pay has been earned but payday hasn't come around yet.
