accrual basis
A term characterizing the keeping of records and the reporting of income for taxation according to the time of the accrual of the right, to receive, rather than the actual receipt of, an item or amount. Enright's Estate v Commissioner (CA 3) 112 F2d 919. But "accruing" within a specified period may be construed to mean received during the period for income tax purposes. Maryland Casualty Co. v United States, 251 US 342, 64 L Ed 297, 40 S Ct 155.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • accrual basis — see basis 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. accrual basis …   Law dictionary

  • accrual basis — See accrual convention. American Banker Glossary In the context of accounting, practice in which expenses and income are accounted for as they are earned or incurred, whether or not they have been received or paid. Antithesis of cash basis… …   Financial and business terms

  • accrual basis — noun a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made • Ant: ↑cash basis • Hypernyms: ↑accounting, ↑accounting system, ↑method of accounting * * * noun …   Useful english dictionary

  • accrual basis — a method of recording income and expenses in which each item is reported as earned or incurred without regard to when actual payments are received or made. Cf. cash basis. [1930 35] * * * …   Universalium

  • accrual basis — A method of accounting that reflects expenses incurred and income earned for any one tax year. In contrast to the cash basis of accounting, expenses do not have to be paid to be deductible nor does income have to be received to be taxable.… …   Black's law dictionary

  • accrual basis — A method of accounting that reflects expenses incurred and income earned for any one tax year. In contrast to the cash basis of accounting, expenses do not have to be paid to be deductible nor does income have to be received to be taxable.… …   Black's law dictionary

  • accrual basis of accounting — apskaita kaupimo principu statusas T sritis Gynyba apibrėžtis Apskaitos sistema, kai sandorių ar kitokių įvykių poveikis pripažįstamas jiems įvykus ir jie yra registruojami to laikotarpio apskaitos dokumentuose bei pateikiami to laikotarpio… …   Lithuanian dictionary (lietuvių žodynas)

  • accrual basis accounting — In the context of accounting, practice in which expenses and income are accounted for as they are earned or incurred, whether or not they have been received or paid. Antithesis of cash basis accounting. Bloomberg Financial Dictionary …   Financial and business terms

  • Метод начислений (ACCRUAL BASIS OF ACCOUNTING)  — 1 Метод признания (а) доходов по факту их получения например, в момент отгрузки товаров (или их доставки) или сдачи услуг, и (б) расходов в момент их понесения, независимо or времени произведения платежа.  2 Метод отражения финансового результата …   Словарь терминов по управленческому учету

  • accrual method — n: accrual basis at basis Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. accr …   Law dictionary

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