accruals basis - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “accruals basis”

accruals basis

noun [S]
 
 
( also accrual basis) ACCOUNTING
the accruals basis ( also the accrual(s) method, also the accrual(s) principle) a method used in accounting in which amounts of money are recorded at the time something is bought or sold, although payments may not yet have been made or received: While the full accruals basis is undoubtedly prudent, we believe there is more commercial logic in accounting for such costs on an earnings basis. accrual basis accounting
on an accruals basis using the accruals basis of accounting: The costs are charged on an accruals basis.
→  See also matching noun
(Definition of accruals basis from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of accruals basis?
Add Cambridge dictionaries to your browser to your website

Word of the Day

disappear off the face of the earth

to disappear completely

Word of the Day

The language of elections

by Liz Walter,
April 22, 2015
On May 7th, citizens of the UK will be going to the polls (having an election) to decide who will form the next government. This kind of election is known as a general election. The country is divided into 650 areas, called constituencies. Each constituency elects a member of parliament (MP) to

Read More 

dumbwalking noun

April 20, 2015
walking slowly, without paying attention to the world around you because you are consulting a smartphone He told me dumbwalking probably wouldn’t be a long-term problem.

Read More