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phrasal verb
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accrual basis
accrual basis
/əˈkruːəl ˈbeɪsɪs/
noun
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
(
accrual basis
)
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
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