Definition of Accrual
revenues and expenses that have been earned but are not yet recorded in the accounts
Examples of Accrual in a sentence
The man’s quick accrual of debt caused his credit card companies to cancel all of his accounts. 🔊
Using an accrual method, the HR department kept up with employee days off that have been earned but not yet used. 🔊
The manufacturer used accrual accounting to track revenue that was received but not yet officially recorded. 🔊
Other words in the Money and Business category:
Most Searched Words (with Video)
