Accrued Items

Business, Legal & Accounting Glossary

Definition: Accrued Items

Accrued Items

Full Definition of Accrued Items

Passive: On a closing statement, items of expense that are incurred but not yet payable, such as interest on a mortgage loan or taxes on real property. Active: Expenses prepaid within the current business year which must be imputed to the new business year. A rent prepayment entitles the company to use its rented facilities during the new business year.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Accrued Items. Payroll & Accounting Heaven Ltd.
December 07, 2021
Chicago Manual of Style (CMS):
Accrued Items. Payroll & Accounting Heaven Ltd. (accessed: December 07, 2021).
American Psychological Association (APA):
Accrued Items. Retrieved December 07, 2021
, from website:

Definition Sources

Definitions for Accrued Items are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.