Definitions for "Accrual Method"
Keywords:  incur, december, inventory, earn, atual
An accounting method under which you report your income when you earn it, whether or not you have received it. You generally deduct your expenses when you incur a liability for them, rather than when you pay them.
A method of keeping accounts which shows expenses incurred and income earned for a given period, although such expenses and income may not have been actually paid or received. Right to receive and not the actual receipt determines inclusion of an amount in gross income.
A method of tax accounting in which income is reported for the year in which the taxpayer's right to receive it becomes fixed (not contingent on the occurrence of a future event). Expenses are deductible in the year in which all events have occurred, establishing the fact of the liability for such payments so that the amount can be estimated with a reasonable degree of accuracy.
Administrative Dissolution , Agent , Agent for Service of Process , Aggregate Par Value , Annual Meeting of Shareholders , Annual Report , Articles of Incorporation , Articles of Organization , Asset , Assumed Name , Authorized Shares/Stock