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accrual basis

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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.
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In the UK, COTTON CANDY is more commonly known as…
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Origin of accrual basis

First recorded in 1930–35
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
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