Accrual

See: Liability (Accounting), Accrual Accounting, Balance Sheet, Accounts Payable, Accounts Receivable, Goodwill (Accounting), Deferred Tax.

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References

2015

• (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/accrual Retrieved:2015-12-7.
  • Accrual (accumulation) 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.

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