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accrual basis

Definition of the noun accrual basis

What does accrual basis mean as a name of something?


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

by Khwaja Masoom

Under the accrual basis of accounting, expenses are matched with revenues on the income statement when the expenses expire or title has transferred to the buyer, rather than at the time when expenses are paid. The balance sheet is also ...

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; 2) to accumulate or be added periodically; 3) to ...


ACCRUAL BASIS or ACCRUAL METHOD accounting method whereby income and expense items are included in taxable income or expense as they are earned or incurred, even though they may not ...

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 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 previewLongman Dictionary of Financial Terms (2007)

An alternative method is the accrual basis, which recognises revenues on the sale of goods and services, and expenses at the time an obligation is taken on. Using the accrual basis for long-term assets but the cash basis for everything else is ...

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 ...

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