
Examples of expenses that are are commonly accrued include Interest on loans for which no lender invoice has yet been received. Knowing the difference between cash and accrual accounting is important. When you are corporate or expense is exact resources owned by terms to wait for other government accounting term of. Accrual accounting Definition Bankratecom. Accrual accounting is an accounting method where revenue or expenses are recorded when a transaction occurs rather than when payment is received or made The method follows the matching principle which says that revenues and expenses should be recognized in the same period.