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