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accrued expense

an expense incurred but not yet paid, as accrued interest on notes payable.
Origin of accrued expense
1980-85 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for accrued expense
  • The change in liability is generally equal to the accrued expense less payments made to current retirees during the current year.
  • Review invoices received after tax year end to verify the amount of the accrued expense.
  • In many cases the item can be divided equally between the periods, particularly in the case of an accrued expense.
  • Generally a liability exists for each such accrued expense.

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