What does Accrual mean?
Definitions for Accrual
əˈkru əlac·cru·al
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Accrual.
Princeton's WordNet
accumulation, accrual, accruementnoun
the act of accumulating
Wiktionary
accrualnoun
An increase; something that accumulates, especially an amount of money that periodically accumulates for a specific purpose
accrualnoun
a charge incurred in one accounting period that has not been paid by the end of it.
Wikipedia
Accrual
In finance, an accrual (accumulation) of something is the adding together of interest or different investments over a period of time.
ChatGPT
accrual
Accrual is an accounting method or principle that records revenues and expenses when they are incurred, regardless of when cash is exchanged. It involves the recognition of economic events regardless of when actual cash transactions occur, providing a more accurate reflection of financial health than cash accounting. The purpose is to match incomes with the expenses incurred in earning them. This concept is also used in finance to refer to the accumulation of interest or expenses over time.
Webster Dictionary
Accrualnoun
accrument
Wikidata
Accrual
Accrual of something is, in finance, the adding together of interest or different investments over a period of time. It holds specific meanings in accounting, where it can refer to accounts on a balance sheet that represent liabilities and non-cash-based assets used in accrual-based accounting. These types of accounts include, among others, accounts payable, accounts receivable, goodwill, deferred tax liability and future interest expense. For example, a company delivers a product to a customer who will pay for it 30 days later in the next fiscal year, which starts a week after the delivery. The company recognizes the proceeds as a revenue in its current income statement still for the fiscal year of the delivery, even though it will get paid in cash during the following accounting period. The proceeds are also an accrued income on the balance sheet for the delivery fiscal year, but not for the next fiscal year when cash is received. Similarly, a salesperson, who sold the product, earned a commission at the moment of sale. The company will recognize the commission as an expense in its current income statement, even though the salesperson will actually get paid at the end of the following week in the next accounting period. The commission is also an accrued expense on the balance sheet for the delivery period, but not for the next period the commission is paid out to the salesperson.
Matched Categories
Anagrams for Accrual »
caracul
carucal
Numerology
Chaldean Numerology
The numerical value of Accrual in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of Accrual in Pythagorean Numerology is: 5
Examples of Accrual in a Sentence
We're getting good numbers, i think this accrual is going to hit its target pretty quickly.
Popularity rank by frequency of use
Translations for Accrual
From our Multilingual Translation Dictionary
Get even more translations for Accrual »
Translation
Find a translation for the Accrual definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"Accrual." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/Accrual>.
Discuss these Accrual definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In