what does accrual basis mean?

ACCRUAL BASIS as NOUN

Meaning
- 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
Hypernyms(s) accrual basis is a kind of… Example: animal is a hypernym of mammal, plant is a hypernym of flower
- accounting (what does accounting mean?)
- accounting system (what does accounting system mean?)
- method of accounting (what does method of accounting mean?)
Antonym(s)
- cash basis (what does cash basis mean?)