The meaning of ACCRUAL is the action or process of accruing something. How to use accrual in a sentence.
Definition of Accrual AccrualAccrual Ac*cru"al, n. Accrument. [R.] Meaning of Accrual from wikipedia - an accrual is an ***et or liability that represents revenue or expenses that are receivable or payable but which have not yet been paid. In accrual accounting...- accounting, method and...
accrual- the act of accumulating accruement,accumulation step-up,increase- the act of increasing something; "he gave me an increase in salary" buildup- the act of building up an accumulation; "I envied his rapid buildup of assets"; "a military buildup in preparation for the invasion" ...
Accrualis the noun form of the verbaccrue,which means to grow andaccumulatenaturally or to be addedperiodically.Accrualis especially used in the context of finance to refer to the growth ofinterestin an account. Example:A retirement fund allows for the accrual of money over the course of your...
accrual Thesaurus Medical Legal Financial Wikipedia Related to accrual:accrual basis,Accrual accounting ac·cru·al (ə-kro͞o′əl) n. 1.The act or process of accumulating; an increase. 2.Something that accumulates or increases. American Heritage® Dictionary of the English Language, Fifth...
Twitter Google Share on Facebook accused Also found in:Dictionary,Thesaurus,Idioms,Encyclopedia,Wikipedia. The generic name for the defendant in a criminal case. A person becomesaccusedwithin the meaning of a guarantee ofSpeedy Trialonly at the point at which either formal indictment or information ...
: to accumulate over a period of time accrued interest accrual -ˈkrü-əl noun Legal Definition accrue verb ac·crue ə-ˈkrü accrued; accruing intransitive verb 1 : to come into existence as an enforceable claim : vest as a right action…does not accrue until the pl...
there is a lawsuit that the company is expected to lose, so the company records the expense and a liability for the expected payment, even though it has not been paid yet. Therefore, it is literally the opposite of a prepayment; an accrual is the recognition of something that has already...
Since the business uses the accrual basis of accounting, expenses are recorded when they happen. That means that the firm needsto accrue the utility expensefor the end of January. You might be wondering: how can that be done without an actual bill with the amount owed?
Whenever a business recognizes an expense before it is actually paid, it can make an accrual entry in itsgeneral ledger. The expense may also be listed as accrued in the balance sheet and charged against income in theincome statement. Common types of accrued expense include: ...