accrual bases

accrual basis

noun
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.
Compare cash basis.


Origin:
1930–35

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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WordNet
accrual basis

noun
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 [ant: cash basis
WordNet® 3.0, © 2006 by Princeton University.
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