Accrual definition
Contents Tax Implications Accrual Concept Dictionary Entries Near accrual Example of an Accrual of Revenues Accrual Accounting vs. Cash Accounting Mutual funds or other pooled assets that accumulate income over a period of time—but only pay shareholders once a year—are, by definition, accruing their income. If companies incurred expenses (i.e., received goods/services) but didn’t pay …