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CRA Controlled Subject Vocabulary (CRACSV)

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accrual method
Francais
méthode de comptabilité d'exercise
Broader Term
accounting methods
Related Term
cash method
deferred charges
fiscal periods
prepaid expenses
Scope Note
With this method, income is reported in the fiscal period it is earned, regardless of when it is received. The expenses are also deducted in the fiscal period they are incurred, whether they are paid or not. This method is generally used by businesses or professionals.  


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Date modified:
2006-12-15
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