This term is part of our Unit 7: Depreciation and Amortization vocabulary list. Please note that pronunciations can vary slightly even in the same dialect.
USA
UK
USA
UK
an accounting method that measures the performance and position of a company by recognizing economic events regardless of when cash transactions occur
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UK
"The accountant advised to operate an accrual accounting system for the small start-up, as he said it gave a more accurate picture of the true financial state."