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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

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

On an accrual basis, February is the seventh month in the 2020-2021 fiscal year.

From Washington Times Mar. 15, 2021

October marked the third month in the 2020-2021 budget year on an accrual basis.

From Washington Times Nov. 6, 2020

September marked the second month on an accrual basis of the fiscal year for Tennessee.

From Washington Times Oct. 15, 2020

Tax analysis requires keeping books on a cash basis as well as an accrual basis, he says.

From Inc Oct. 6, 2011

The Health and Hospitals Corporation's deficit could hit $1.48 billion next year, on an accrual basis.

From Reuters Mar. 4, 2010

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