MODIFIED ACCRUAL ACCOUNTING
A method that merges accrual-basis accounting and cash-basis accounting. It recognizes revenues when available and measurable and also, with less exceptions, expenditures when liabilities are added. It divides available funds in separate entities in an organization to make sure the money is being spent where it was really intended.
Also known as modified cash basis accounting.
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Robert C. Merton
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Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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