accrual basis vs method of accounting
method of accounting vs accrual basisaccrual basis and method of accounting both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| accrual basis | Yes | No | No | No |
| method of accounting | Yes | No | No | No |
As nouns,
method of accounting is a hypernym of
accrual basis; that is, method of accounting 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
- method of accounting: 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, accounting system.
| accrual basis (noun) | method of accounting (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"
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