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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Accrual accounting

Accounting

The convention of recording revenue when it is earned and costs when they are incurred, rather than when cash actually moves.

In plain terms

The reason profit is an opinion and cash is a fact. Dozens of timing judgements sit between a sale being booked and money reaching the bank.

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Indian stock market glossary · Market Vidyalaya