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accrual method
ac·cru·al meth·od
noun
Definition:
method of accounting:
a method of accounting that counts income or expenses at the time they are earned or incurred, irrespective of when money is received or paid out.
See also
cash method
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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