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.
Cite This Source Link To accrual basis
Example sentences
These should be presented using the economic resources measurement focus and
  the accrual basis of accounting.
The statements are presented using a flow of economic resources measurement
  focus and the accrual basis of accounting.
The full accrual basis is used to report the government wide financial
  information.
Revenues and expenditures of governmental funds are recognized using the
  modified accrual basis of accounting.
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