accruals basis Meaning in the Cambridge English Dictionary

Meaning of “accruals basis” in the English Dictionary

"accruals basis" in Business English

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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 ​fullaccrualsbasis is undoubtedly ​prudent, we believe there is more ​commerciallogic in ​accounting for such ​costs on an ​earningsbasis. accrualbasisaccounting
on an accruals basis using the ​accrualsbasis of ​accounting: The ​costs are ​charged on an ​accrualsbasis.
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(Definition of accruals basis from the Cambridge Business English Dictionary © Cambridge University Press)
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“accruals basis” in Business English

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