What is the definition of Accrual principle? | Dictionary.net

ACCRUAL PRINCIPLE

\ɐkɹˈuːə͡l pɹˈɪnsɪpə͡l], \ɐkɹˈuːə‍l pɹˈɪnsɪpə‍l], \ɐ_k_ɹ_ˈuː_əl p_ɹ_ˈɪ_n_s_ɪ_p_əl]\

Definitions of ACCRUAL PRINCIPLE

1910 - Black's Law Dictionary (2nd edition)

Sort: Oldest first

A concept that represents the time between sales and purchases as well as collection of payment. It is the actual performance of a business.AKA accural concept. Refer to accounting concepts.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

Word of the day

Platidiam

An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.

View More

Nearby Words