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2:38
YouTube
Simple Explain
Accrue: Definition, How It Works, and 2 Main Types of Accruals
Accrue refers to the accumulation of interest, income, or expenses over time, most commonly used in accrual accounting. This method recognizes economic events regardless of when cash transactions occur, providing a better picture of a company's financial health. Accrued revenue occurs when payment is deferred for a product or service that has ...
227 views
Dec 7, 2023
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