Which of the following is a short-term accrual?

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Taxes payable is a short-term accrual because it represents the taxes that a company owes but has not yet paid at the end of the accounting period. The other options listed are not accruals, but rather long-term assets or expenses. Capital expenditures and depreciation, for example, are both related to the acquisition and use of fixed assets, while bad debt losses represent expenses that occur when customers fail to pay their debts. Taxes payable is a short-term liability that is accrued at the time of revenue recognition but not yet paid. Capital expenditures, bad debt losses, and depreciation are long-term accruals that are recorded over a period of time.

Which of the Following Is a Short-Term Accrual