Accrual Basis (accrual Method)

Accrual Basis (accrual Method),

Definition of Accrual Basis (accrual Method):

  • A method of accounting that records income and expenses as taxable income or expenses when it is earned or spent, not when it is received or paid.

Literal Meanings of Accrual Basis (accrual Method)

Accrual:

Meanings of Accrual:
  1. Accumulation or accumulation of something over time, especially payment or benefit.

Sentences of Accrual
  1. All loans should be frozen without further interest

Basis:

Meanings of Basis:
  1. Support or justify an idea, argument or action.

Sentences of Basis
  1. Trust is the only basis for good cooperation

Synonyms of Basis

starting point, basis, kernel, foundation, root, cause, core, origin, source, base, centre, heart

Accrual:

Meanings of Accrual:
  1. Accumulation or accumulation of something over time, especially payment or benefit.

Sentences of Accrual
  1. All loans should be frozen without further interest

Method:

Meanings of Method:
  1. A special process for acquiring or dealing with something, especially an organized or established process.

Sentences of Method
  1. How to restore software

Synonyms of Method

procedure, technique, process, practice, formula, system, medium, method of working, means, modus operandi, routine, mechanism