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accrual basis

Definition of the noun accrual basis

What does accrual basis mean as a name of something?

noun

  1. a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made

Printed dictionaries and other books with definitions for accrual basis

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Google previewFinancial Lexicon (2004)

A Compendium of Financial Definitions, Acronyms, and Colloquialisms by E. Banks

ACCRUAL BASIS A general accounting method that reports income when it is earned and expenses when they are incurred. See also CASH BASIS. ACCRUAL BOND (1) A TRANCHE of a COLLATERALIZED MORTGAGE OBLIGATION that ...

Google previewThe New York Times Dictionary of Money and Investing (2002)

The Essential A-to-Z Guide to the Language of the New Market by Gretchen Morgenson, Campbell R. Harvey, Ph.D.

accrual basis An accounting practice in which expenses ...

Google previewJuta's Concise Dictionary of Accounting Terms (1996)

by Graham J. Elliott, Graham Elliott, Jeffrey Rowlands

Accounting statements Accounts payable Accounts receivable Accrual adjustments Accrual basis of accounting Accrue Accrued income/expenses Accrued revenue/expenses Accumulated depreciation Admission of a partner Allowance ...

Google previewThe Entrepreneur’s Dictionary of Business and Financial Terms (2013)

by Khwaja Masoom

Under the accrual basis of accounting, revenues are recognized as goods are sold and services are rendered regardless of the time when cash isreceived. Expenses arerecognized in theperiod when the related revenue isrecognizedand ...

Google previewDictionary of Finance and Investment Terms (2010)

ACCRUAL BASIS accounting method whereby income and expense items are recognized as they are earned or incurred, even though they may not have been received or actually paid in cash. The alternative is CASH BASIS accounting.

Google previewDictionary of Finance and Investment Terms, 9th ed. (2014)

by John Downes, Jordan Goodman

ACCRUAL BASIS accounting method whereby income and expense items are recognized as they are earned or incurred, even though they may not have been received or actually paid in cash. The alternative is CASH BASIS accounting.

Google previewCraftsman's Illustrated Dictionary of Construction Terms (1994)

by James T. Frane

Also called accrual basis accounting. accrual basis -see accrual accounting. accrue - 1) increase ...

Google previewDictionary of Project Management

Accrual Basis The effects of transactions and other events are recognised when they occur and are recorded in the accounting records and reported in the financial statements of the periods to which they relate. Accrued Cost A cost that is ...

Google previewCRC Dictionary of Agricultural Sciences (2001)

by Robert Alan Lewis

accrual basis (accrual method). an accounting method that records income when eamed and expenses when incurred, ...

Google previewDictionary of Commerce and Management (2006)

by S.N. Chand

HYBRID BASIS OF ACCOUNTING This system of accounting is a combination of accrual basis and cash basis. HYBRID COMPUTERS The computers which are combination of both digital and analog circuits and features. HYPER-INFLATION ...

Google previewDICTIONARY OF BUSINESS AND ECONOMIC TERMS, 5th ed. (2007)

ACCRUAL BASIS or ACCRUAL METHOD accounting method whereby income ...

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