accounting method

accounting method
n.
The method used by a business to calculate its income and expenditures for tax purposes. See also accrual method, cash method

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


accounting method
n. The accepted method by which a person or business consistently determines his income and expenses and allocates them to an accounting period in order to determine his taxable income.

Webster's New World Law Dictionary. . 2000.

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