What is the accrual method?

What is the accrual method?

Henry Brown Trainee Asked on December 9, 2014 in Accounting.
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In accrual method,  it doesn’t matter when the money for the transactions is received , transactions are counted when the order is made, the item is delivered, or the services occur,
Or Simply its a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made

smithcorey Trainee Answered on December 10, 2014.
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