See accrual-type adjusting entry.

Definition see accrual basis accounting

Continually recurring short-term liabilities, especially accrued wages and accrued taxes.

Represents services that the business has used, but not been billed for, and not paid. The most common example is salaries covering a pay period that overlaps the business year-end.

are records of revenue and expenses in the periods in which they are incurred. They are a key component of the accrual method of accounting.

If during the course of a business certain charges are incurred but no invoice is received then these charges are referred to as accruals (they 'accrue' or increase in value). A typical example is interest payable on a loan where you have not yet received a bank statement. These items (or an estimate of their value) should still be includ [..]

Income or expenses included in financial statements for a given accounting period for items that actually occur in a future period.

accrual|lang=en