Accrual Accounting
From Open Risk Manual
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.
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.
