Accrued Expense - Overview, Accrual Accounting, and …
Apr 03, 2020 · Accrued expenses, also known as accrued liabilities, are expenses recognized when they are incurred but not yet paid in the accrual method of accounting. Typical accrued expenses include utility, salaries, and goods and services consumed but not yet billed. Accrued expenses are recorded in estimated amounts, which may differ from the real cash amount paid or received later.
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