accruals
Definition:
Charges for items consumed or incurred during the period for which no invoice has yet been received. Common examples of such liabilities incurred but not entered in the accounts ledger are gas, electricity, and telephone charges where the service has been consumed, but not yet billed for.
Cross-References:
[accrual accounting]
[pre-paid expenses]
Links:
Figures:
© Westburn Publishers Ltd 2002, The Westburn Dictionary of Marketing edited by Michael J Baker, ISBN 978-0-946433-01-8. www.themarketingdictionary.com. Entry: [Gerald Michaluk], [1998].