Accrual accounting by Shamini E.Salvanathan https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx en-us 2025-08-28 00:06:15 UTC 2025-08-28 05:32:20 UTC hello@padlet.com https://padlet.net/icons/png/1f44d.png https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558204220 recognise when the benefit is consumed and the amount can be recognised

]]> 2025-08-28 05:23:18 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558204220 Product delivered to and accepted by customer. https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558204946 2025-08-28 05:23:48 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558204946 https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558205075 recognise when ownership and control is passed to buyer


]]> 2025-08-28 05:23:54 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558205075 when good is delivered https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558206237 2025-08-28 05:24:39 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558206237 https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558206411 recorded when a transaction occurs

]]> 2025-08-28 05:24:48 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558206411 when services are performed https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558206738 2025-08-28 05:25:01 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558206738 When it is probable that the customer will make payment https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558206788 2025-08-28 05:25:03 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558206788 https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558207124 Revenue should be recognised and recorded when:

  1. It is probable that the economic benefits will be received

  2. The ownership and control of the items should pass to the buyer (Revenue from Sale of goods)

  3. Revenue amount can be measured reliably

]]> 2025-08-28 05:25:16 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558207124 when it is incurred like when the good is consumed or obligation arise https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558208681 2025-08-28 05:26:13 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558208681 The company has delivered goods or performed services. https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558208822 2025-08-28 05:26:19 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558208822 https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558210444 Expenses should be recognised and recorded when:

  1. it is probable that the economic benefits will be used up

  2. The amount of expense can be measured reliably

]]> 2025-08-28 05:27:25 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558210444 when the goods have been received jteh0033 https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558210723 2025-08-28 05:27:39 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558210723 cwon0178 https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558210972 The entity has a present obligation to pay, even if payment is deferred.


]]> 2025-08-28 05:27:47 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558210972 https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558211481 recorded when a transaction occurs rather than when payment is made

]]> 2025-08-28 05:28:10 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558211481 when resources are consumed https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558217187 2025-08-28 05:32:19 UTC https://padlet.com/shaminiesalvanathan/1gphnxgtlxl48gvx/wish/3558217187