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.

QUIZZES

DO YOU KNOW THIS VOCABULARY FROM "THE HANDMAID'S TALE"?

"The Handmaid's Tale" was required reading for many of us in school. Everyone else has probably watched the very popular and addictive TV show. Do you remember this vocabulary from the book, and do you know what these terms mean?
Question 1 of 10
decorum
the act of or need for making up one's mind.
dignified propriety of behavior, speech, dress, etc.
a company of singers, especially an organized group employed in church service.
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Compare cash basis.

Origin of accrual basis

First recorded in 1930–35

Words nearby accrual basis

accretionary wedge, accrington, accroach, accroides gum, accrual, accrual basis, accrue, accrued dividend, accrued expense, accrued income, accrued interest
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020