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.
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- Accrue
to happen or result as a natural growth, addition, etc. to be added as a matter of periodic gain or advantage, as interest on money. Law. to become a present and enforceable right or demand. Contemporary Examples Makes your kids want to do their chores, by allowing them to purchase prizes with the points they […]
- Accrued
to happen or result as a natural growth, addition, etc. to be added as a matter of periodic gain or advantage, as interest on money. Law. to become a present and enforceable right or demand. Contemporary Examples The petition has accrued 413 signatures so far, as well as multiple comments of support. Petition Filed Against […]
- Accrued dividend
an accumulated unpaid dividend on preferred stock.
- Accrued expense
an expense incurred but not yet paid, as accrued interest on notes payable.
- Accrued income
income earned but not yet received nor past due.