Akademik

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

: the method of keeping accounts that recognizes income when earned and expenses when incurred regardless of when cash is received or disbursed — compare cash 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]

accrual basis,

a method of accounts in which the expenses incurred and income earned for a particular period are shown, whether or not actual cash payments and receipts have been made or received during that period.