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Meaning of ACCRUAL BASIS

Pronunciation:  u'krooul 'beysis

 
WordNet Dictionary
 
 Definition: 
[n]  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
 
 Antonyms: cash basis
 
 See Also: accounting, accounting system, method of accounting

 

 

 

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