| Definition |
an accounting method that combines accrual basis accounting with cash basis accounting Modified accrual is allowed under the Davis-Stirling Act Civ. Code § 5200. Associations using modified accrual typically record assessments when due (accrual basis) but record expenses when paid (cash basis). The other accounting methods include: https://www.investopedia.com/terms/a/accrualaccounting.asp https://www.investopedia.com/terms/c/cashbasis.asp https://www.investopedia.com/terms/m/modified-accrual-accounting.asp CA Civ. Code § 5200 |
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