modified accrual

modified accrual definition - business

modified accrual

A system of accounting in which revenues are recognized when they become measurable and available to finance expenditures of the fiscal period. Modified accrual is used in government accounting.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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