Month end accrual process

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piyoosh_pant
Posts: 5
Joined: Wed Nov 08, 2006 1:26 am
Location: USA

Month end accrual process

Post by piyoosh_pant »

Could somebody help me with understanding the month end accrual process followed for the expense items. Why do we creat the accrul accounting when it is reversed as soon as the next period is opened. Why do we need to write off some of the accruals.I would appreciate any notes or documents on this topic.

Thanks

Piyoosh
thinktank
Posts: 50
Joined: Sat Dec 22, 2007 7:25 am
Location: Australia

Post by thinktank »

I have the same question.

Can someone tell the business need to write off some of the accruals.

Thanks
nivas.ksk
Posts: 6
Joined: Wed Oct 03, 2007 12:11 pm
Location: India

Post by nivas.ksk »

I do have the same doubt can any one of you guys please give me explanation for this.
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