The meaning of ACCRUAL is the action or process of accruing something. How to use accrual in a sentence.
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...
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...
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 ...
2 of 3 noun (1) 1 : stronghold sense 1 2 a : confinement, custody b : prison 3 a(1) : the act or the manner of grasping something (as in the hands or arms) : grip released his hold on the handle took hold of the rope (2) : a manner of grasping an opponent...
Under the accrual accounting system, an accountant might record an accrued liability by making two journal entries. One is a credit to an accrued liabilities account; the other is a debit from an expense account. In the future, the bill comes due, and the company pays the invoiced cost. It...
Accrued liabilities will only exist in your business structure when you are using anaccrual method of accounting. They require a debit to one of your expense accounts, and a credit to the accrued liability account. This is then reversed when you make a payment with a credit to the expense ...
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" ...
Part of the Series Guide to Accounting Definition An asset is a resource that an individual, corporation, or country owns or controls with the expectation that it will provide a future economic benefit. What Is an Asset? An asset is a resource witheconomic valuethat an individual, company, or...
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: ...