Accruals or accrued charges, Financial Accounting

Define Accruals or accrued charges

What are Accruals or accrued charges - Expenses that are done for the current accounting period which have not yet been paid. These are sometimes referred to as provisions. Accrued income mainly refers to cash received in advance for a service not yet given to the customer.

 

Posted Date: 7/21/2012 7:42:30 AM | Location : United States







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