English-English Dictionary

Meaning of the word "accrued expense" in English

What does "accrued expense" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

accrued expense

US /əˌkruːd ɪkˈspens/
UK /əˈkruːd ɪkˈspens/
"accrued expense" picture

Noun

an expense that has been incurred but not yet paid

Example:
•
The company recorded an accrued expense for utilities used but not yet billed.
•
Understanding accrued expenses is crucial for accurate financial reporting.
Synonym:
accrued liability unpaid expense expense payable
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Related Word:
accrue expensive expense at the expense of operating expense interest expense expense account