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 /əˌkruːd ɪkˈspens/
Noun
1.
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.
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