accrual
- The process through which something gathers or builds up over time
- An element or an item that grows incrementally over a period of time
- The total amount or sum that has been gathered or built up during a particular time period
- The accrual of interest occurs over the life of the loan.
- The financial analyst keeps track of the accrual of the company's assets.
- The tax preparation process involves calculating the accrual for the tax year.
Provide Feedback
