What are accruals?

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viditagarwal2

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Post by viditagarwal2 » Mon Apr 09, 2018 3:19 pm
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Hello everyone,

This is Vidit I am little bit confused about accruals. Can anyone describe about same?
Thanks in Advance!
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Ryan

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Post by Ryan » Mon Apr 09, 2018 3:35 pm
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Hi,

It could be a number of things Adding together of interest for example) - what does it relate to specifically?

Regards
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?

Contact me at http://www.ivamortgageexpert.co.uk or via the expert page
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Foggy

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Post by Foggy » Mon Apr 09, 2018 3:36 pm
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An accrual is something that has been accounted for but not actually happened yet. So they might record an expense on 9th April, but not actually pay it out until the following week. So the accounts will show it as paid, but it will still be sat in the bank account.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lisa Thomas

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Post by Lisa Thomas » Mon Apr 09, 2018 3:51 pm
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https://www.entrepreneur.com/encycloped ... accounting
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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