Accounting
Accrual
Definition
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4 Related Terms
What is Accrual?
Accrual is an accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is actually received or paid. This follows the matching principle of accounting, ensuring financial statements reflect the true financial position. Accruals include accrued revenues (earned but not received) and accrued expenses (incurred but not paid). Tally supports both accrual and cash basis accounting.
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