What is ACCRUAL PRINCIPLE?

A concept that represents the time between sales and purchases as well as collection of payment. It is the actual performance of a business.AKA accural concept. Refer to accounting concepts.

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Related Legal Terms
CONSISTENCY PRINCIPLE, MATCHING PRINCIPLE, ACCRUAL BASIS, ACCRUAL BASIS ACCOUNTING, CHANGE IN ACCOUNTING PRINCIPLE, NON-ACCRUAL LOAN, ACCELERATION PRINCIPLE, MODIFIED ACCRUAL BASIS ACCOUNTING, GOING-CONCERN PRINCIPLE, PRINCIPLE OF SUBSIDIARITY


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