Examlex
Evaluate.
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Accrued
Describes expenses or revenues that have been incurred but not yet recorded through a payment or receipt, reflecting in accounts payable or receivable.
Deferred
Refers to items or transactions that have been postponed or delayed to a future date.
Cash Basis
An accounting method where revenues and expenses are recognized only when cash is received or paid out, respectively.
Accrual Basis
A financial recording technique that documents income and costs at the time they are generated or incurred, without consideration of when the actual cash transaction occurs.
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