Business Terms and Jargon Explained

What is Accruals Basis

A method of recording transactions to relate them to the period when the exchange of ownership of the goods, services or financial asset applies. For example, value added tax accrues when the expenditure to which it relates takes place, but HM Revenue and Customs receive the cash some time later. The difference between accruals and cash results in the creation of an asset and liability in the financial accounts, shown as amounts receivable or payable.

Crown Copyright. Material taken from National Statistics website: Reproduced under the terms and conditions of the Click-Use Licence.

<- Go Back
Business Terms Home page

Search Jargon and Terms Database

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z

Search Term   

High Risk CAP Goods F2F Parliamentary Agent
Externality Controlling Interest Enterprise Value
Overdraft IDE Retail Prices Index - RPI - RPIX
Full Cost Pricing Adversarial Principal
Confiscation order Procureur Norwich Pharmacal orders
Administrator Mitigating N279 Civil Court form
Discretionary Fiscal Policy Default Judgment HM Customs and Excise
Tender Mutual Linking Agreement Pro forma
Ex rights Audit Report Capped Rate
Marginal Cost Pricing Lien CCCL
Gold Standard Administratrix Vicarious Liability
Domain name sales agreement XU Judgement
Management buyout Instalment Blue Chip

Term created / updated 2007-01-19 00:19:32

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

Copyright © 2004-2020 Scopulus Limited. All rights reserved.