modified accrual basis accounting
Definition
Method under which revenues are recognized in the period they become available and measurable, and expenditures are recognized in the period the associated liability is incurred. Most government accounting follows this method.
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modified accrual basis accounting is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
modified accrual basis accounting appears in the definitions of the following terms: modified cash basis accounting and accrual basis accounting
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