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Meaning of ACCRUAL BASIS
Pronunciation:
u'krooul 'beysis
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Definition:
[n]
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
Antonyms:
cash basis
See Also:
accounting
,
accounting system
,
method of accounting
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