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

fire-eater

a performer who entertains people by seeming to swallow flames

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More