ACCRUAL BASIS

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does accrual basis mean? 

• ACCRUAL BASIS (noun)
  The noun ACCRUAL BASIS has 1 sense:

1. 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

  Familiarity information: ACCRUAL BASIS used as a noun is very rare.

 Dictionary entry details 

• ACCRUAL BASIS (noun)

Sense 1

Meaning:

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

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("accrual basis" is a kind of...):

accounting; accounting system; method of accounting (a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts)

Antonym:

cash basis (a method of accounting in which each item is entered as payments are received or made)