Accrual Accounting

From Open Risk Manual
Revision as of 15:05, 16 September 2021 by Wiki admin (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Definition

Accrual Accounting (Also Accruals Accounting). A method of Accounting in which profit is calculated as the difference between income when it is earned and expenses when they are incurred.