Accrued Liabilities

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Definition: Accrued Liabilities

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Full Definition of Accrued Liabilities

Accrued Liabilities are liabilities which have occurred, but have not been paid or logged under accounts payable during an accounting period; in other words, obligations for goods and services provided to a company for which invoices have not yet been received.

Examples would include accrued wages payable, accrued sales tax payable, and accrued rent payable.

There are two general types of Accrued Liabilities:

  • Routine and recurring
  • Infrequent or non-routine

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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.

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https://payrollheaven.com/define/accrued-liabilities/
Modern Language Association (MLA):
Accrued Liabilities. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. December 02, 2020 https://payrollheaven.com/define/accrued-liabilities/.
Chicago Manual of Style (CMS):
Accrued Liabilities. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/accrued-liabilities/ (accessed: December 02, 2020).
American Psychological Association (APA):
Accrued Liabilities. PayrollHeaven.com. Retrieved December 02, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/accrued-liabilities/

Definition Sources

Definitions for Accrued Liabilities 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: 18th April, 2020 | 6 Views.