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Accrual accounting

• The process of recognizing, in the financial statements, revenue when it is earned and expenses as they are incurred regardless of when the cash changes hands

 
 Embedded terms in definition
 Cash
Expenses
Financial statement
 
 Related Terms
 

<< Accretion of a discount Accrual basis >>

Multi-Tasking In Your 30s, 40s or 50s: Managing for today and saving for tomorrow, including a child's college expenses and your retirement More...

Even if you're on the right track, you'll get run over if you just sit there. - Will Rogers

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