vvm
JF-Expert Member
- Jul 18, 2014
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Madesa yanatupoteza mlimsomea hivi mtukufu nae akaitisha press conferenceserikali imetoka kwenye kutumia" cash basis" na sasa inatumia "accrual basisi of accounting".
Accrual basisi of accountingi ni nini?
Under the accrual basis of accounting (or accrual method of accounting), revenues are reported on the income statement when they are earned. When the revenues are earned but cash is not received, the asset accounts receivable will be recorded. (Under the cash basis of accounting, revenues are not reported on the income statement until the cash is received.)
Also under the accrual basis of accounting,
expenses are reported on the income statement when they match up with the revenues being reported, or when a cost has no future benefit that can be measured. When an expense occurs and cash has not yet been paid, a liability account will also be recorded. (The expenses that were not paid in the current accounting period will be reported through adjusting entries .)
nadhani utakuwa umeelewa " gawio " lilipotoka, sio lazima expenses zote zilipwe, nyingine zitapostiwa katika next accounting period zitakapolipwa