a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made
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accrual basis::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Type of | accounting, accounting system, method of accounting |
Examples of accrual basis
accrual basis
Things get especially tricky for owners of small businesses that operate on an accrual basis.
From the businessweek.com
That's especially important for small companies that use cash-basis accounting rather than accrual-basis.
From the businessweek.com
Interest income is recognised on an accrual basis.
From the hemscott.com
District 127 projects $14 million in reserves on an accrual basis of accounting at the end of 2012-13, Zelek said.
From the dailyherald.com
Operating leases Operating lease rentals are charged to the income statement on an accrual basis over the term of the lease.
From the hemscott.com
Two common accounting methods, cash basis accounting and accrual basis accounting, do not use the same process for measuring revenue.
From the en.wikipedia.org
The accrual basis allows you to match revenues to the expenses incurred in earning them, giving you more meaningful financial reports.
From the en.wikipedia.org
Accrual basis accounting matches revenues to the time period in which they are earned and matches expenses to the time period in which they are incurred.
From the en.wikipedia.org
Section 3865 Hedges Under the previous standards, derivatives that met the requirements for hedge accounting were generally accounted for on an accrual basis.
From the foxbusiness.com
