Difference between revisions of "Accrual basis"
(Created page with "Accrual basis (alternatively known as byby; hereinafter, the ''byby'') is . ==Definitions== According to College Accounting: A Practical Approach by Slater (13th e...") |
(→Related coursework) |
||
| (One intermediate revision by the same user not shown) | |||
| Line 1: | Line 1: | ||
| − | [[Accrual basis]] ( | + | [[Accrual basis]] (hereinafter, the ''Basis'') is an accounting system that matches [[Fiscal Revenue|revenue]]s when earned with expenses that are incurred. |
==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Accrual basis]]. | + | :[[Accrual basis]]. An accounting system that matches [[Fiscal Revenue|revenue]]s when earned with expenses that are incurred. |
==Related concepts== | ==Related concepts== | ||
*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | ||
| − | ==Related | + | ==Related lectures== |
*[[Bookkeeping Quarter]]. | *[[Bookkeeping Quarter]]. | ||
[[Category: Septem Artes Administrativi]][[Category: Articles]] | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Latest revision as of 19:33, 4 January 2019
Accrual basis (hereinafter, the Basis) is an accounting system that matches revenues when earned with expenses that are incurred.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Accrual basis. An accounting system that matches revenues when earned with expenses that are incurred.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
