type of accounting system that records income when products or services are
sold and recognizes expenses when they are incurred. In contrast, the cash method of accounting recognizes
expenses and income when the actual money is received.
"accrual accounting." YourDictionary, n.d. Web. 13 November 2018. <https://www.yourdictionary.com/accrual-accounting>.
accrual accounting. (n.d.). Retrieved November 13th, 2018, from https://www.yourdictionary.com/accrual-accounting
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