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What does accrual basis mean?

April 26, 2017accrual basis mean

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What does accrual basis mean?

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• ACCRUAL BASIS (noun) The noun ACCRUAL BASIS has 1 sense: 1. 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 Familiarity information: ACCRUAL BASIS used as a noun is very rare.