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hello and welcome to another accounting tutorial where today weamp;#39;ll be covering the topic of acrs and more specifically ACR expenses so what I want to do is introduce you to the ACs concept what it is and how we record them within our accounts the acramp;#39;s concept in itself is quite straightforward weamp;#39;re making sure as a business that we matching the revenue or expenditure with the correct period so unlike cash accounting where we record the transaction when the money is physically paid or received in a Cru accounting were recording the transaction when the goods or services were acquired or took place now letamp;#39;s look at an acred expense in more detail what is an acred expense so an acred expense occurs when the business has received goods or services before before the end of the period but hasnamp;#39;t yet been invoiced by the supplier letamp;#39;s take a look at an example business Aamp;#39;s Financial year runs from January through to the end o
