Accrual Principle

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What is Accrual Principle

Accrual principle is an accounting rule of matching revenues to expenses at the time in which the transaction occurs rather than when payment is made (or received).

Economy and Finance

Costs

Revenue

Related terms and methods:

Costs
Double Entry Bookkeeping System
Financial Accounting
Revenue

Related standards:

IAS/IFRS
International Public Sector Accounting Standards (IPSAS)
US GAAP

Related management field:

Economy and Finance

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Last update: 16.11.2014

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