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 accountin [..]

Method of accounting in which the effects of transactions on financial condition and income are recorded when they occur, not when they are settled in cash.Related Terms: Accrued expenses 

In accounting, this is the method where expense items and income are recognized as incurred or earned, even if they have not yet been received or paid. This is also called ACCRUAL METHOD. It is the op [..]

see basis

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

The method of accounting whereby revenues and expenses are identified with specific periods of time, such as a month or year, and are recorded as incurred, along with acquired assets, without regard t [..]

The basis of accounting whereby revenues are recognized when earned and measurable regardless of when collected; and expenses are recorded when incurred.

Accrual basis refers to an accounting method where expense items and income are recognized as incurred or earned, even if they have not yet been received or paid. It is also referred to as accrual met [..]

The method of keeping accounts which shows all expenses incurred and income earned for a given period of time, even though such expenses and income may not actually have been paid or received in cash [..]

an accounting system that records revenues and expenses at the time the transaction occurs, not at the time cash changes hands. If you buy a coat and charge it, the store records or accrues the sale w [..]

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

Adjustment to income for uncollected items at beginning and end of a period. On disbursements, for unpaid items at beginning and end of a period.

One of several methods of accounting. Requires that all interest and income be included as it is earned and that all expenses are included as incurred.

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 whereby revenues are recognized when earned and measurable regardless of when collected; and expenses are recorded on a matching basis when incurred. All proprietary and fiduci [..]

The basis whereby transactions and events are recognized when they occur, regardless of when cash is received or paid (USAID Automated Directives System - ADS - Chapter 631).

The type of accounting under which incomes are recorded when earned (regardless of when cash is actually received) and expenses are recorded when liabilities are incurred (regardless of when cash is a [..]

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 accountin [..]