grundsatz der periodenmäßigen erfassung von erträgen und aufwendungen

English - Turkish

Definition of grundsatz der periodenmäßigen erfassung von erträgen und aufwendungen in English Turkish dictionary

Related Terms

accrual principle

Tahakkuk esasına dayanan muhasebe

German - English

Definition of grundsatz der periodenmäßigen erfassung von erträgen und aufwendungen in German English dictionary

accrual principle

Fundamental accounting concept which recognizes the time lag between sales and purchases on one hand, and collection and payment of cash on the other. It forms an important part of the GAAP, and permits meaningful comparisons based on the actual operations of the business undisturbed by the timing of payments. Under this principle, sales and expenses are taken account of in the accounting period in which they occur (and are included in the income statement for that period), whether or not cash was received or paid out. Also called accrual concept