method of accounting vs accrual basis
accrual basis vs method of accountingmethod of accounting and accrual basis both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| method of accounting | Yes | No | No | No |
| accrual basis | Yes | No | No | No |
As nouns,
accrual basis is a hyponym of
method of accounting; that is, accrual basis is a
word with a more specific, narrower meaning than
method of accounting:
- method of accounting: 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 method of accounting include
control account, accounting entry, entry, ledger entry, credit side, debit side, cash basis, pooling of interest, audit, audited account, limited review, review.
| method of accounting (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 "method of accounting"
Words related to "accrual basis"
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