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Accrual  
Level
Associate
'Accrual' is a company's earningsmoney made or expensesmoney spent that have occurred but haven't been received or paid yet. It's like a promise for future cash flowing in or out of a business.
Context
Business
In financial accounting, 'accrual' signifies the recognitionacknowledgement of revenues and expenses as they are earned or incurred, regardless of when money is exchanged. A CEO might state, 'Our accrual-based reports show higher profits than the cash basisrecorded when cash is received or paid.'

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