accrual basis 1
noundomain: possession
Princeton WordNet [ver.3.1]
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EnglishDefinition
a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made
Hypernym
accounting 4
noun
a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
EnglishAntonym
cash basis 1
noun
a method of accounting in which each item is entered as payments are received or made
