Accrual entries occur due to timing differences between cash movements and accounting recognition
Cash movement occurs at the same time as the revenue/expense
Cash movement occurs[...]
before or after accounting recognition.
And you need accruals
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Open it ting recognition of revenue or expense, there are only a 2 possibilities.
First, cash movement and accounting recognition can occur at the same time, in which case there is no need for accruals.
Second, cash movement may <span>occur before or after accounting recognition, in which case accruals are required.<span><body><html>
last interval [days]
repetition number in this series
scheduled repetition interval
last repetition or drill
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