Accruals basis

An accounting convention under which payments are allocated to the periods to which they relate, rather than the period in which they are paid or received or become due or receivable (that is, the cash basis ( www.practicallaw.com/A34608)).

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247245057891", "objName" : "Accruals basis", "userID" : "2", "objUrl" : "http://uk.practicallaw.com/cs/Satellite/resource/6-107-5826?null", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "true", "analyticsPermCookie" : "2-40e00097:15b19122c8f:18f5", "analyticsSessionCookie" : "2-40e00097:15b19122c8f:18f6", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }