accounting system vs accrual basis
accrual basis vs accounting systemaccounting system and accrual basis both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| accounting system | Yes | No | No | No |
| accrual basis | Yes | No | No | No |
As nouns,
accrual basis is a hyponym of
accounting system; that is, accrual basis is a
word with a more specific, narrower meaning than
accounting system:
- accounting system: a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
- accrual basis: a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made
Other hyponyms of accounting system include
control account, accounting entry, entry, ledger entry, credit side, debit side, cash basis, pooling of interest, audit, audited account, limited review, review.
| accounting system (noun) | accrual basis (noun) |
|---|---|
| a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts | a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made |
Words related to "accounting system"
Words related to "accrual basis"
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