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accrual basis love

accrual basis

Definitions

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • 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

Etymologies

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Examples

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hypernyms (3)

Words that are more generic or abstract

  1. accounting
  2. accounting system
  3. method of accounting

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