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.
Read Also:
- 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 ch-r-s, 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 pet-tion has accrued 413 signatures so far, as well as multiple comments of support. pet-tion filed against […]
- Accrued dividend
an acc-mulated 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.