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


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https://payrollheaven.com/define/accrued-items/
Modern Language Association (MLA):
Accrued Items. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 07, 2021 https://payrollheaven.com/define/accrued-items/.
Chicago Manual of Style (CMS):
Accrued Items. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/accrued-items/ (accessed: December 07, 2021).
American Psychological Association (APA):
Accrued Items. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/accrued-items/

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.