ACCRUAL DOCUMENTATION

Additional Help for ADS Chapter 631

File Name: 631sab_070303_cd32
Revision: 07/03/2003
Effective date: 06/30/2003

Overview

According to the Budget and Accounting Act of 1950, the purpose of recording accruals is to document the government's legal liability for all goods or services when the following conditions apply:

• The government has received the goods or services, or
• The title has transferred to the government.