👉 Accrual is the accumulation of a person's wealth, gain, or benefits over time, typically through a steady pattern of action or investment.
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What is the definition of Accruals? 🙋
👉 Accruals are a type of capital or reserve account that represents the accumulation of interest, dividends or earnings during an investment period. It is used in financial management to track and report on the economic value of assets, such as stocks and bonds.
