ACCRUAL Definition

Bookmark and Share

ACCRUAL is the recognition of revenue when earned or expenses when incurred regardless of when cash is received or disbursed.

Learn new Accounting Terms

LINKED ACCOUNT gives you the flexibility of opening minor or custom account(s) that are linked to your primary account. Transactions between linked accounts are usually controlled through the password of the primary account. Linked accounts are possible through either commercial or consumer accounts, e.g. a consumer may have his/her checking, savings and over-draft protection accounts linked so that transactions can be easily made between them.

APPLICATION RATE, OVERHEAD is a rate used to apply manufacturing overhead to output; estimated factory overhead for a period divided by the estimated application base.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.