Meaning & use
Accruals
Last updated
Amounts of money that have been earned or incurred during an accounting period but not yet received or paid.
See it in a sentence
The company recorded accruals for wages that had been earned but not yet paid out.
Accountants adjust the books each quarter to reflect outstanding accruals.
A note on using this word
A core concept in accrual accounting, which records transactions when they occur rather than when cash changes hands.
Words with a similar meaning
accrued expensesprovisions
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