ACCRUED PAYROLL Definition

Bookmark and Share

ACCRUED PAYROLL is a liability arising from employees salary expense that has been incurred but not paid.

Learn new Accounting Terms

LIBID is the London Interbank Bid Rate, the rate that a bank is willing to pay for funds in the international interbank market.

PRIME COST is equal to the sum of DIRECT MATERIAL plus DIRECT LABOR.

Suggest a Term

Enter Search Term

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