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* 1.a method of bookkeeping in which income and expenses are allocated to periods to which they apply, regardless of when actually received or paid. For example, when an invoice is rendered, its value is added to income immediately, even though it has not been paid
English Related Words* accepted principles of accounting
* accounting
* accounting books
* accounting changes income
* accounting classification
* accounting cost
* accounting data
* accounting department
* accounting earnings
* accounting entry
* accounting estimate
* accounting exposure
* accounting file
* accounting firm
* accounting for
English Related Words* accepted principles of accounting
* accounting
* accounting books
* accounting changes income
* accounting classification
* accounting cost
* accounting data
* accounting department
* accounting earnings
* accounting entry
* accounting estimate
* accounting exposure
* accounting file
* accounting firm
* accounting for