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accrual basis

American  

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.

Etymology

Origin of accrual basis

First recorded in 1930–35

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.