Entity: ACCRUE
ACCRUE Display Name
ACCRUE
Description
Accrue means to gradually accumulate or increase in value over time. It refers to the process of something growing or building up slowly.
Wiki Content
ACCRUE
Etymology
The word 'accrue' has early forms dating back to the 15th century.
Definition
Accrue means to accumulate or be added periodically, gradually increasing in value or amount over time.
Historical Context
Accrual accounting, which recognizes revenues and expenses when they are incurred rather than when cash is exchanged, is a common practice in businesses.
Cultural Significance
Accrue is a fundamental concept in finance and accounting, essential for tracking the growth and value of assets and liabilities.
Related Concepts
Accruals, interest accrual, accrual basis accounting.
See Also
Definition
To accrue is to accumulate or keep growing in value or size over a period of time.
Blockchain Details
Chain
aeternity
Contract Address
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