| Financial-Dictionary.org Financial jargon revealed... |
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| Definition Of: |
ACCRUAL BASIS
In the context of accounting, practice in which expenses and income are accounted for as if they are earned or incurred, whether or not they have been received or paid. Antithesis of cash basis accounting .
Associated with accounting and refers to recording income and expenses for the fiscal period in which they are earned or incurred, regardless if the income was received or the expenses were paid out.
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General INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 A: Page 1 of 37.
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