What is the meaning of accrual basis?

noun

  • 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. .
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). accrual basis. Retrieved September 22, 2026, from http://smartdefine.org/accrual_basis/definitions/1243130
ChicagoWordNet. 2010. "accrual basis" http://smartdefine.org/accrual_basis/definitions/1243130 (accessed September 22, 2026).
HarvardWordNet 2010, accrual basis, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/accrual_basis/definitions/1243130>.
MLAWordNet. "accrual basis" 23 October 2010. Web. 22 September 2026. <http://smartdefine.org/accrual_basis/definitions/1243130>
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