ALL meanings of accrual basis

ac·cru·al ba·sis
A a
  • noun accrual basis An accrual basis is a system of accounting where income is recognized before payment is received and expenses are recognized before they are paid. 3
  • noun accrual basis a method of recording income and expenses in which each item is reported as earned or incurred without regard to when actual payments are received or made. 1
  • noun accrual basis method of keeping accounts 1
  • noun accrual basis non-cash recording of assets and liabilities 1
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