accrual accounting Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “accrual accounting” in the English Dictionary

"accrual accounting" in Business English

See all translations

accrual accountingnoun [U]

uk   us   (also accruals accounting) ACCOUNTING
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: Larger ​businesses are ​required to use ​accrualaccounting, under which ​income and ​expenses are ​recognized according to when the ​business becomes ​entitled to them (rather than actually receive or ​pay them).
(Definition of accrual accounting from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of accrual accounting?
Add Cambridge dictionaries to your browser to your website
Word of the Day

hipster

someone who is very influenced by the most recent ideas and fashions

Word of the Day

Chest pains and palpitations: talking about illness (2)
Chest pains and palpitations: talking about illness (2)
by Liz Walter,
February 03, 2016
My previous post (My leg hurts: Talking about illness (1)) presented some general vocabulary to use at the doctor’s. This one looks at some more specific areas of illness and explains some useful words and phrases that you may need to use or understand on a visit to the doctor’s. There are several

Read More 

awesomesauce noun
awesomesauce noun
February 01, 2016
slang the state of being extremely good or enjoyable or something or someone that is extremely good or enjoyable Recovering from the awesomesauce of another fab #Vidcon!!

Read More