Certain expenses that are paid after they are incurred. Such expenses are like interest on bank overdrafts, telephone costs, electricity and overtime. Such expenses often fluctuate and are sometimes difficult to anticipate. Hence, it is not possible to pay in advance.
Those expenses which are incurred in the current year, but may not be paid until the following year, such as electricity and telephone costs.
expenses incurred at the date of the balance sheet, but not yet paid (e.g. wages, taxes and interest).
Expenses that the business has incurred for which it has not received, or will not receive, an invoice, and that have not yet been paid.
Wages, interest, property taxes, etc., which are expenses due at the end of the period but not paid.
Expenses which are incurred, but for which payment is not yet made, as of a given date.
Expenses that have been accounted in the income statement, but have not been paid yet. (Example: wages are payable to employees on the first day of each month. Therefore, on the last day of each month an entry is created reflecting the amount of wages owed, but not yet paid to employees).
Expenses that arise through adjusting entries when accounting for unrecorded expenses.
expenses that have been accumulated, but have not yet been paid.
recorded current expenses that are due, but have not yet been paid.
Expenses incurred but not due until a later date.
Expenses incurred that are not yet payable. In a closing statement, the accrued expenses of the seller typically are credited to the purchaser (taxes, wages, interest, etc.).
Short-term liabilities that have been incurred but not paid.
Expenses incurred during a given accounting period for which payment has not yet been made.
Expenses that have been incurred but are not recognized in the accounts; unrecorded expenses.
A liability incurred during the accounting period for which payment has not been made.
The entry into the liability accounts of expenses, incurred but not paid, at a given date.