Dictionary

Accrued Expense

  • Updated on

An already incurred expense which is yet to be paid. The expense is recorded in the books at the time of incurrence but is paid later on. For example: Salary to employees is generally paid once the period gets over and is an accrued expense of the company.

Term of the day

Market Risk

What is a Market Risk? Market risk reflects the potential of reduction in the investment value due to the interplay of varying market forces in the direction t......
[ Read More ]
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK