accrual basis
noun
a method of recording income and expenses in which each item is reported as earned or incurred without regard to when actual payments are received or made.
Compare
cash basis.
Origin of accrual basis
First recorded in 1930–35
Words nearby accrual basis
accretionary wedge,
accrington,
accroach,
accroides gum,
accrual,
accrual basis,
accrue,
accrued dividend,
accrued expense,
accrued income,
accrued interest