Accrual Basis Accrual Basis: Accounting method where revenues and expenses are recorded when they are earned or incurred, not when cash changes hands.
Accrued Expenses Accrued Expenses. If an invoice has not been received from a vendor, this is the estimated amount of money that a company owes […]
Accumulated Depreciation Total DEPRECIATION pertaining to an ASSET or group of assets from the time the assets were placed in services until the date […]
