ACCRUAL BASIS

accrual basis: translation

See accrual convention. American Banker Glossary

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In the context of accounting, practice in which expenses and income are accounted for as they are earned or incurred, whether or not they have been received or paid. Antithesis of cash basis accounting. Bloomberg Financial Dictionary

accrual basis acˈcrual ˌbasis also accruals basis, acˈcrual ˌmethod or accruals method noun [singular] ACCOUNTING

a principle used in accounting that when a business buys or sells something, this should affect the results for the period of time when it happens, not when the related payment is sent or received, even if the payment occurs in a different accounting period:

• Some businesses have to compute tax on an accruals basis, which means they account for it when work is carried out.

— compare cash basis

accrual basis UK US noun [S] ACCOUNTING

► ACCRUALS BASIS(Cf.↑accruals basis)

1) учет = accrual basis accounting

2) фин., банк. = accrual convention

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