accrual
n.
Sample Sentences
- The company's financial statements reflect the accrual of revenue earned but not yet received.
- Accrual accounting requires recognizing expenses when they are incurred, not when they are paid.
- During the audit, the team focused on the accuracy of the accrual entries in the ledger.
- The accrual of interest on the loan increased the total amount owed over time.
- She explained the importance of accruals in providing a more accurate picture of the company's financial health.
- The accountant prepared the year-end reports, ensuring all accruals were properly accounted for.
- Accrual adjustments can significantly impact a business's net income for the fiscal year.
- Understanding accruals is essential for anyone studying finance or accounting.
- The accrual method of accounting is commonly used by larger businesses to manage their finances.
- As part of the monthly closing process, we reviewed all outstanding accruals to ensure accuracy.
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