Topic Areas

Accrual

Definition:

Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged.

I had to forfeit the interest accrual when I made an early withdrawal.

The accrual of the interest earned was able to float the banks operating budget before the recession hit.

Next, we'll take a look at the accrual.

I completely agree with you about the issue regarding interest accrual on your loan.

We decided to go ahead with the project although the accrual remained.

I haven't looked into whether interest accrual is possible for that account yet.

I see what you mean about the potential accrual.

The interest accrual hasn't increased yet.

The accrual was included in the estimate.

Key Phrases
Appraisal
Added value
Base rate
Cash flow
Capital loss
Safety deposit box
Administrative expenses
Subject to collection
Accrued liability
Owner’s equity
On receipt of the order
Long-term financing
Affiliated company
limited liability company
Official discount rate
Always at your service
Capital assets
Fixed costs
Adjustable-Rate Mortgage
Account activity

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