accrual basis

English - Turkish

Definition of accrual basis in English Turkish dictionary

(Askeri) OLUŞUM TEMELİ (ÇIKIŞI) /TAHAKKUK ESASI

English - English

Definition of accrual basis in English English dictionary

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

The accounting basis whereby items are brought to account as they are earned or incurred (and not as cash received or paid) and included in the financial statements for the periods to which they relate

The method of accounting whereby revenues and expenses are identified with specific periods of time, such as a month or year, without regard to the date of receipt or payment of cash

Gross income is recognized when earned

The basis of accounting under which revenues are recorded when earned or when levies are made, and expenditures are recorded as soon as they result in liabilities, regardless of when the revenue is actually received or the payment is actually made

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

Method of ACCOUNTING that recognizes REVENUE when earned, rather than when collected Expenses are recognized when incurred rather than when paid

This is a method of calculation that dictates the inclusion of earned interest or dividends whether they were received or not

That system of accounting in which income is recognized when it is

the basis of accounting under which transactions are recognized when they occur, regardless of the timing of related cash flows

A basis of accounting in which transactions are recognized at the time they are incurred, as opposed to when cash is received or spent

A method of keeping accounts that shows expenses incurred and income earned for a given fiscal period, even though such expenses and income have not been actually paid or received in cash

In preparation of financial statements, recognizes revenue at the time of sale and recognizes expenses when they are incurred (Chapter 1)

Accounting method in which income and expenses are accounted for as they are earned or incurred, although they may not have been received or paid yet The alternative is cash-basis accounting, in which revenues and expenses are recognized only when cash is received or paid Accrual-basis accounting is useful for painting a long-term portrait of a company BACK TO TOP

Method of ACCOUNTING that recognizes REVENUE when earned, rather than when collected Expenses are recognized when incurred rather than when paid The basis of accounting that requires that revenue is recorded when earned, no matter when cash is received, and that expenses are recorded when incurred, no matter when cash is paid

The practice of record keeping by which income is recorded when earned and expenses are recorded when incurred, even though the cash may not be received or paid out until later The other common basis of business accounting is known as the cash basis

The basis of accounting under which transactions are recognized when they occur, regardless of the timing of related cash flows [EPA]

Recording income as accounts receivable when earned and recording debts as accounts payable when they are incurred Also called accrual basis accounting

In accounting, a system of allocating revenue and expense items on the basis of when the revenue is earned or the expense incurred, not on the basis of when the cash is received or paid out

An accounting system in which income is reported when it is invoiced and expense are recorded when they are incurred

The method of accounting which calls for recognizing revenue/gains and expenses/losses in the accounting period in which the transactions occur regardless of the timing of the related cash flow    Contrast with Cash Basis

A method of accounting where income and expenses are recognized as they are incurred or earned Cash may or may not have been received or paid

The accounting basis used by almost all companies, which recognizes revenues and expenses in the period in which they are earned or incurred and not necessarily in the period in which the cash inflow or outflow occurs

an accounting process that recognizes transactions on financial statements when revenues and expenses occur, rather than when cash changes hands

Hyphenation

ac·cru·al ba·sis

Turkish pronunciation

ıkruıl beysıs

Pronunciation

/əˈkro͞oəl ˈbāsəs/ /əˈkruːəl ˈbeɪsəs/