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 >>

What Happens If a Bank Fails?: How the FDIC protects depositors, including providing quick access to insured funds. More...

Do not go where the path may lead, go instead where there is no path and leave a trail. - Ralph Waldo Emerson

Advertising



Copyright 2009-2018 GVC. All rights reserved.