Accrual basis
Accrual basis is in the context of accounting, practice in which expenses and income are accounted for as if they are earned or incurred, whether or not they have been received or paid. Antithesis of cash basis accounting.
Category: Banking & Finance
Previous: ← Accrual Accounting Convention
Next: Accrued benefits →
More from this Section
- Gross estate
Gross estate is the market value of the property that you own when you die. Gross estate ... - Prepayment risk
Prepayment risk means a risk carried by many securitized assets in which some of these ... - Security
For networking, security generically describes the set of access controls and permissions ... - Acceptance Credit
Acceptance Credit is a documentary credit, which requires, amongst the documents stipulated, ... - Bankruptcy
Bankruptcy occurs when a company is unable to pay its debts as they become due, or has ...