ACCRUAL
6 May 2016 By PDSNETA balance sheet item that consists of an expense or income which has not yet been paid or received. So, for example, if a company owes rent on the date of the balance sheet then it would be shown as an accrued expense with other accounts payable. Equally, if it is owed money, that would be shown as an accrued income together with its other accounts receivable.
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