Accrual Basis
Meaning in Bengali: সংগ্রহবিধি
Part of Speech: Noun
Pronunciation: uh-kroo-uh l bey-sis
Short Definition: Accrual basis refers to an accounting method that records revenues and expenses when they are earned or incurred, regardless of when the cash is received or paid.
Synonyms: Cash basis, Accrual accounting, Accrual method
Antonyms: নগদ বিধি (Cash basis), নগদ হিসাব (Cash accounting)
Origin: The term “accrual basis” originated from the word “accrue,” which means to accumulate or grow over time. In accounting, the accrual basis is based on the concept of recognizing revenues and expenses as they are earned or incurred, rather than when the cash is exchanged.
Nearby Words:
- Accrual (Noun)
- Accrue (Verb)
- Accounting (Noun)
- Method (Noun)
- Revenue (Noun)
Accrual Basis in Literature Quotes:
- “The company’s financial statements are prepared on an accrual basis to provide a more accurate representation of its financial position.” – Financial Analyst
- “Accrual basis accounting allows businesses to match revenues and expenses in the same accounting period, providing a clearer picture of their financial performance.” – Accounting Professor
- “By using the accrual basis, companies can better track their financial obligations and anticipate future cash flows.” – Business Consultant
- “The accrual basis of accounting is essential for businesses that want to adhere to generally accepted accounting principles and present reliable financial statements.” – Auditor
Meaning in Different Languages:
- Hindi: एक्रूअल आधार (Ekrooal aadhaar)
- Nepali: एक्रूअल आधार (Ekrooal aadhaar)
- Urdu: اکروال بیس (Accrual base)
- Tamil: அக்கிரூஅல் அடிப்படை (Akkrūal aṭippaṭai)
- Telugu: అక్రూఅల్ ఆధారం (Akrooal ādhāraṁ)
- Arabic: أساس التراكم (Asas al-tarakum)
- Chinese: 应计基础 (Yìngjì jīchǔ)
- Japanese: 繰越基準 (Kurikoshi kijun)
- Russian: Накопительная основа (Nakopitel’naya osnova)
For more information about accrual basis, you can visit Wikipedia.org, Dictionary.com, or TheFreeDictionary.com.