Advertising

Accrual basis

• Recognizes revenue at the point of sale and recognizes expenses that were incurred to earn that revenue (matching principle).

 
 Embedded terms in definition
 Expenses
Point
Sale
 
 Related Terms
 

<< Accrual accounting Accrual bond >>

Teaching Children the Financial Facts of Life: Showing the importance of saving, spending wisely and sharing with others More...

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

Advertising



Copyright 2009-2017 GVC. All rights reserved.