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accrual basis

DEFINITIONS OF: accrual basis

1

n 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

Antonyms:
cash basis
a method of accounting in which each item is entered as payments are received or made
Type of:
accounting, accounting system, method of accounting
a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
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