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accrual basis

noun
1.
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
1930-1935
1930-35
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for accrual basis
  • 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.
  • Proprietary funds are presented in the financial statements on the accrual basis of accounting.
  • In the government-wide financial statements, a corresponding amount is recorded as revenue using the accrual basis of accounting.
  • The modified accrual basis of accounting is used by all governmental fund type accounts.
  • The government-wide and proprietary funds financial statements are reported using the accrual basis of accounting.
  • On a modified accrual basis, revenues are recorded in the fiscal year in which the resources are measurable and available.

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