Accrual Based Accounting
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Accounting method required by GAAP and IFRS that records expenses when they are incurred and income when it is earned, as opposed to cash based accounting, which reports income and expenses when cash changes hands.
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Related Terms
Accounting, Accounts Payable, Accounts Receivable, Accruals, Deferred Revenue, Net PP&E, Unearned Revenue
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| XBKS | 4.15 | +0.00 | +0.00% | 43.37M |
| XBI | 78.30 | -2.14 | -2.66% | |
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