accrual accounting Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “accrual accounting” in the English Dictionary

"accrual accounting" in Business English

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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)
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