Define: Accruals Basis

UK Accounting Glossary

Definition: Accruals Basis

Quick Summary of Accruals Basis

The effects of transactions and other events are recognised when they occur (and not as cash or its equivalent is received or paid) and they are recorded in the accounting records and reported in the financial statements of the periods to which they relate (see also matching).

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Modern Language Association (MLA):
Accruals Basis. Payroll & Accounting Heaven Ltd. November 18, 2019
Chicago Manual of Style (CMS):
Accruals Basis. Payroll & Accounting Heaven Ltd. (accessed: November 18, 2019).
American Psychological Association (APA):
Accruals Basis. Retrieved November 18, 2019, from website:

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This glossary post was last updated: 23rd December 2018.