explain what is meant by ‘accrual accounting’; define ‘revenue’ and ‘expense’; define and discuss the realisation and matching conventions; explain what is meant by ‘accrued expenses’ (‘accruals’) and...

explain what is meant by ‘accrual accounting’; define ‘revenue’ and ‘expense’; define and discuss the realisation and matching conventions; explain what is meant by ‘accrued expenses’ (‘accruals’) and ‘prepaid expenses’ (‘prepayments’);