accruals basis Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “accruals basis” in the English Dictionary

"accruals basis" in Business English

See all translations

accruals basisnoun [S]

uk   us   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
(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

“accruals basis” in Business English

Avoiding common errors with the word enough.
Avoiding common errors with the word enough.
by ,
May 25, 2016
by Liz Walter Enough is a very common word, but it is easy to make mistakes with it. You need to be careful about its position in a sentence, and the prepositions or verb patterns that come after it. I’ll start with the position of enough in the sentence. When we use it with a noun,

Read More 

Word of the Day

ray

a narrow beam of light, heat, etc. travelling in a straight line from its place of origin

Word of the Day

convo noun
convo noun
May 23, 2016
informal a conversation The convo around concussions mostly focuses on guys who play football, but Chastain thinks that this whole thing could be a headache for women too.

Read More