BizTerm Definition
Accrual
Full Definition

An accounting concept. It is a gradual increase by addition over a period of time and is a way of recognizing that an expense (or revenue) and the related liability (or asset) can increase over time and not as signaled by an explicit cash transaction. Accounts are often accrued daily but are only actually applied to an account periodically (e.g.. monthly). See also Applied.


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