Advertising

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 >>

How to Ace Your First Test Managing Real Money in the Real World: As a teen, you're beginning to make some grown-up decisions about how to save and spend your money. That's why learning the right ways to manage money…right from the start…is important. Here are suggestions. More...

There's a saying among prospectors: "Go out looking for one thing, and that's all you'll ever find." - Robert Flaherty

Advertising



Copyright ©2009-2018 GVC. All rights reserved.