ACCRUAL
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Example

The auditor reviewed the accrual for year-end bonuses and taxes.

Definition

The process or state of growing by gradual addition

  • Gradual build-up of something over time

Recognition of revenues or expenses when incurred, not when paid

  • An accounting entry recording such unpaid or uncollected amounts

The amount that has built up, especially interest or benefits

  • A sum added periodically for a specific purpose

Recruitment of participants into a clinical trial over time