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. 16 September 2018. <http://www.yourdictionary.com/accrual-accounting>.
accrual accounting. (n.d.). Retrieved September 16th, 2018, from http://www.yourdictionary.com/accrual-accounting
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