accrual basis accounting
See also: List of Key Accounting Terms and Definitions at InvestorGuide.com.
Use this term in a sentence
“ He taught me that their method of accounting was called accrual basis accounting and I learned everything about it and how it functioned. ”
“ We chose not to pay taxes on the accrual basis accounting because the receivables were larger than our payables which made for more income. ”
“ The accrual basis accounting base accounting method was used instead of a cash basis accounting method because of the timing of our receipt of payments. ”