accrual basis vs accounting system
accounting system vs accrual basisaccrual basis and accounting system both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| accrual basis | Yes | No | No | No |
| accounting system | Yes | No | No | No |
As nouns,
accounting system is a hypernym of
accrual basis; that is, accounting system is a
word with a broader meaning than accrual basis:
- 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
- accounting system: a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
Other hypernyms of accrual basis include
accounting, method of accounting.
| accrual basis (noun) | accounting system (noun) |
|---|---|
| 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 | a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts |
Words related to "accrual basis"
© WordCmp.com 2024,
CC-BY 4.0 / CC-BY-SA 3.0.