ACCRUED EXPENSES Definition

Bookmark and Share

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

Learn new Accounting Terms

DEPRECIATION ALLOCATION is the allocation of the cost of capital expenditures so that revenue is matched with expenses for items that will last more than one year (land is not depreciable). The methodology is to allocate plant and equipment cost to expense through the use of accelerated, straight line and units of production amortization methods; as well as the disposal of assets; and, repairs and betterments to assets.

TQM see TOTAL QUALITY MANAGEMENT.

Suggest a Term

Enter Search Term

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