accruals basis Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "accruals basis" - Business English Dictionary

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
follow

If you follow a particular person on Twitter� (= a website where people can publish short remarks or pieces of information), you choose to see the messages that that person posts (= publishes) on the website.

Word of the Day

July 4th, Bastille Day, and the language of revolution.
July 4th, Bastille Day, and the language of revolution.
by Liz Walter,
July 01, 2015
With America’s Independence Day on the 4th and France’s Bastille Day on the 14th, July certainly has a revolutionary theme, so this blog looks at words and phrases we use to talk about the dramatic and nation-changing events that these days celebrate. In particular, it focuses on one of the most important

Read More 

burger noun
burger noun
June 29, 2015
a menu on a computer screen comprising three short parallel horizontal lines which the user clicks to see options Definitely use a burger. You could put the settings in the burger menu too. Fix the settings to the bottom of the burger menu and use a vertically scrolling contact list that scrolls behind

Read More