accrual basis
A method of accounting that tracks income and expenditure when they become due, rather…A method of accounting that tracks income and expenditure when they become due, rather than when they actually occur.
Meaning
1 senses(attributive, often, uncountable)A method of accounting that tracks income and expenditure when they become due, rather than when they actually occur.
More definitions
- 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
Translations
1 languagesAntonyms
1 antonymsLessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable