accrual basis
noun[S]
ACCOUNTINGukus→accruals basis
Examplesofaccrual basis
accrual basis
These two financial statements reflect theaccrualbasisaccounting used by firms to match revenues with the expenses associated with generating those revenues.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.A taxpayer using the accrual method (accrualbasistaxpayer) recognizes income when earned.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.This is the essence ofaccrualbasisaccounting.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Anaccrualbasistaxpayer looks to the all-events test and earlier-of test to determine when income is earned.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Theaccrualbasisallows you to track receivables (amounts due from customers on credit sales) and payables (amounts due to vendors on credit purchases).
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Two common accounting methods, cash basis accounting andaccrualbasisaccounting, do not use the same process for measuring revenue.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.If the trust involves a business-like operation,accrualbasisaccounting would be appropriate to show the fund's profitability.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.However, nonprofit organizations useaccrualbasisaccounting for their funds.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.However, the floating side payment, which may have a different frequency andaccrualbasisto fixed side, is adjusted by the corresponding accrual factor.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.They kept their books and completed income tax returns on a fiscal yearaccrualbasis.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.