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Accrual basis in a sentence

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Sentence count:29Posted:2017-12-14Updated:2020-07-24
Similar words: accrualaccrueaccruedaccrued liabilitiesbasisanabasiscash basiscatabasisMeaning: n. a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made. 
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1. Thus , merchandising businesses generally use the accrual basis.
2. The accrual basis shall be adopted for accounting treatments.
3. Accrual basis – A basis of accounting under which transactions and other events are recognized when they occur (and not when cash or its equivalent is received or paid).
4. Article 7A donation transfer institution shall employ accrual basis accounting for the donation projects under its management.
5. Accrual Basis Accounting A method of reporting income when it is earned and expenses when incurred, even though they may not have been received or actually paid.
6. This concept applies to firms that employ an accrual basis accounting system.
7. The accrual basis differs significantly from cash basis of accounting.
8. Article 16 The accrual basis of accounting shall be adopted in accounting records and financial reports.
9. The accrual basis recognizes the impact of tra actio on the financial statements in time periods when revenues and expe es occur.
10. Both the accrual basis and the cash basis are two basic methods of the accounting affirmance.
11. Article 5 The company employ the Accrual Basis Accounting principle.
12. There are two widely used bases of accounting: the accrual basis and the cash basis.
13. An enterprise should prepare its financial statements, except for cash flow information, under the accrual basis of accounting.
14. Accounting books are based on the Accounting system of P. R. C. , And bookkeeping is done by accrual basis and debit-credit bookkeeping method which is applied worldwide.
15. Therefore, it is expected to set up government accounting and report systems and accrual basis step by step.
16. The accrual method of accounting is also known as accrual accounting or accrual basis accounting.
17. Payables due mentioned in this article refer to the payables that should be calculated into relative costs and expenditures of the payer according to accrual basis principle.
18. Professional judgment, which can not be replaced(sentencedict.com), is the inherent character of accrual basis accounting and wether it can reflect the essence of economic transaction is most important.
19. The company shall implement double entry ( debit entry and credit entry ) and accrual basis in Accounting.
20. The generally accepted accounting principles ( GAAP ) require that a business use the accrual basis.
21. There are two widely used bases of accounting: the accrual basis and cash basis.
22. The financial statements illustrated in this text are all established on the accrual basis of accounting.
23. In the author Wu Xueti's opinion, the "Hospital Accounting", which will be put into effect from Jan, 1, 1989, has the following characteristics, (1) Accrual Basis is applied.
24. The income statement discloses revenues, expenses and net income on the accrual basis.
25. In order to building the VAT accounting model of separation, it is necessary to carry out accounting on the accrual basis.
26. Than overall carrying out accounting on the cash basis, overall carrying out accounting on the accrual basis do more superpower.
26. Wish you can benefit from our online sentence dictionary and make progress day by day!
27. The second ASpect of the meASurement process is often referred to AS matching cost and revenue and its fundamental to the accrual bASis of accounting.
28. The recognition basis of pension insurance accounting should combine basis and accrual basis.
29. Article 9 Recognition, measurement and reporting for accounting purposes shall be on an accrual basis.
More similar words: accrualaccrueaccruedaccrued liabilitiesbasisanabasiscash basiscatabasisbasis pointbasic accounton the basis ofon a regular basisalbanyalbacorealbatrossaccretemenstrualcrystal ballaccredittrial ballooncentral bankreal bargainaccretiveaccretiontrial balancenational banknormal balanceaccreditedpremenstrualcommercial bank
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