accruals basis Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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 ​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.
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

Word of the Day

procession

a line of people who are all walking or travelling in the same direction, especially in a formal way as part of a religious ceremony or public celebration

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