- accrued expense
- accrued expense accrued expense ➔ expense
* * *accrued expense UK US noun [C] (also accrued charge, also accrued cost, also accrued liability, also accrual) ACCOUNTING► an amount of money that a business owes in a particular period which it records in its accounts but that it does not pay in that period: »
The company's accrued expenses for the environmental clean-up amounted to $118 million.
Financial and business terms. 2012.
Look at other dictionaries:
accrued expense — An unpaid expense incurred and *recognized in a *financial reporting period, and recorded as a liability at the end of that period. In line with the *accruals basis of accounting, accrued expenses are matched with the accounting periods to which… … Auditor's dictionary
accrued expense — an expense incurred but not yet paid, as accrued interest on notes payable. [1980 85] * * * … Universalium
Accrued Expense — An accounting expense recognized in the books before it is paid for. It is a liability, and is usually current. These expenses are typically periodic and documented on a company s balance sheet due to the high probability that they will be… … Investment dictionary
accrued expense — an expense incurred but not yet paid, as accrued interest on notes payable. [1980 85] … Useful english dictionary
accrued expense — See: accrual … Accounting dictionary
expense — ex‧pense [ɪkˈspens] noun 1. [countable, uncountable] ACCOUNTING an amount of money that a business or organization has to spend on something: • Most advertisers look upon advertising as an expense and not an investment, which is a mistake. • The… … Financial and business terms
accrued cost — ➔ cost1 * * * accrued cost UK US noun [C] ACCOUNTING ► ACCRUED EXPENSE(Cf. ↑accrued expense) … Financial and business terms
accrued liability — UK US noun [C] (plural accrued liabilities) ACCOUNTING ► ACCRUED EXPENSE(Cf. ↑accrued expense) … Financial and business terms
accrued charge — UK US noun [C] ACCOUNTING ► ACCRUED EXPENSE(Cf. ↑accrued expense) … Financial and business terms
expense — That which is expended, laid out or consumed. An outlay; charge; cost; price. The expenditure of money, time, labor, resources, and thought. That which is expended in order to secure benefit or bring about a result. Shinrone Farms, Inc. v. Gosch … Black's law dictionary