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Home > QFINANCE Dictionary > Definition of accrual concept

Definition of

accrual concept

Accounting

recording transactions for period they refer to an accounting method that includes income and expense items as they are earned or incurred irrespective of when money is received or paid out.

Related definitions of "accrual concept"

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Definitions of ’accrual concept’ and meaning of ’accrual concept’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’accrual concept’ and other financial terms with our online QFINANCE Financial Dictionary.

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