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.
Nearby words
accretionary wedge, accrington, accroach, accroides gum, accrual, accrual basis, accrue, accrued dividend, accrued expense, accrued income, accrued interest
Compare cash basis.
Origin of accrual basis
First recorded in 1930–35
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019