ACCRUED EXPENSES Definition

Bookmark and Share

ACCRUED EXPENSES are expenses incurred during an accounting period for which payment is postponed.

Learn new Accounting Terms

AUDIT BUREAU OF CIRCULATION (ABC) is a third-party organization that verifies the circulation of print media through periodic audits.

EFFECTIVE INTEREST RATE is the cost of credit on a yearly basis expressed as a percentage. Includes up-front costs paid to obtain the loan, and is, therefore, usually a higher amount than the interest rate stipulated in the note.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.