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Accrued expense

An Expense that is incurred, but not yet Paid for, during a given Accounting period.

Related Terms: 6 Account, Accounting, Expense, Inc., Paid, Ring
Other Related Pages: Category: Accounting Starting With: A
Additional Related Terms: Account, Accounting, Accounting equation, Account statement, Accrual basis accounting, Accrued expense, Allowance for depreciation, Average accounting return, Average collection period, Account aggregation