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Drag the correct figures from the pool below into their corresponding HBUL component slots. Leave one slot empty for the value to be calculated. Click a dropped card to return it to the pool.
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Have (H):
Buy (B):
Use (U):
Left (L):
Accrual Basis of Accounting Theory: Income is recognised when earned and expenses are recognised when incurred, regardless if payment is received or made, in the same accounting period.
Matching Theory: Expenses incurred must be matched against income earned in the same period to determine the accurate profit for that period.
Revenue Recognition Theory: Income is recognised when it is earned (goods delivered or services provided) and not necessarily when cash is received.
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