accruals
Meaning
Accruals are accounting adjustments for revenues that have been earned but not yet received, or expenses that have been incurred but not yet paid. (অ্যাক্রুয়াল হল কোনো আয়ের বা ব্যয়ের হিসাব যা এখনও গ্রহণ করা হয়নি বা প্রদেয় হয়নি কিন্তুLedger-এ রেকর্ড করা হয়েছে।)
Pronunciation
অ্যাক্রুয়ালস (āykruẏālsa)
Synonyms
adjustments, entries, reckonings, invoicing, recognition, amendments, recordings, evaluations
Synonyms
The accountant made several adjustments to the financial statements.
The entries for expenses were recorded at the end of the month.
Accruals results in more accurate reckonings of income.
Accrual accounting can affect your invoicing process.
Revenue recognition is critical for proper financial reporting.
The accountant suggested amendments to comply with newer standards.
The recordings of all accruals must be accurate.
Periodic evaluations help in managing accruals effectively.
Antonyms
Payments occur when the processes in accruals are complete.
All settlements should reflect previously recorded accruals.
Receipts indicate when an accrual can be closed.
Disbursements may decrease the need for accruals.
Reductions in accruals can simplify financial reporting.
Cancellations of accruals need to be meticulously managed.
Expenditures often require different accounting methods outside of accruals.
Finalizations of summaries can eliminate accrual adjustments.
Phrases
He prepared the financial statements on an accrual basis.
Accrual accounting is more complex than cash accounting.
Adjusting accruals is a crucial step in month-end closing.
Plan for tax accruals to avoid surprises at tax time.
The accrual method helps businesses align operating income with expenses.