Business Terms and Jargon Explained

What is Accrual Accounting

Is when expenditure accounted in the period it relates too rather than when it was paid. E.g. you pay January's rent in February. It is accounted for in January as it relates to January, not February.

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Yearling Associated company N9 Civil Court form
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Term created / updated 2005-07-16 23:12:15

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