ACCRUED LIABILITY Definition

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ACCRUED LIABILITY are liabilities which are incurred, but for which payment is not yet made, during a given accounting period. Some examples in a manufacturing environment would be: wages, taxes, suppliers/vendors, etc.

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INTERCOMPANY or INTERCORPORATE means occurring between companies.

KORUNA (KORUN, KORUNY) is a currency of Czechoslovakia, Czech Republic, and Slovakia.

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