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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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Origin of accrual basis
First recorded in 1930–35
Words nearby accrual basis
accretive, Accrington, accroach, accroides gum, accrual, accrual basis, accrue, accrued, accrued dividend, accrued expense, accrued income
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022