What is an accruement in business?
Accruals are amounts of money that you know will come or go from the business. Accruals are recorded on the balance sheet as an asset (if it's owed to you) or a liability (if you owe it to someone else). Common examples of accruals: Unpaid invoices – where a sale has taken place but the cash is yet to change hands.
Accruals are amounts of money that you know will come or go from the business. Accruals are recorded on the balance sheet as an asset (if it's owed to you) or a liability (if you owe it to someone else). Common examples of accruals: Unpaid invoices – where a sale has taken place but the cash is yet to change hands.
