Accrued liabilities:

Name: Accrued liabilities:
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

Accrued liabilities result from services received before payment is made. This means that the company owes an amount to others, and it needs to be paid in cash or other forms of payment. It is different from deferred charges to expense, which refers to costs that are paid in advance but recognized as expenses in the future. Accrued liabilities are usually paid in cash, although in some cases, payment can be made in services or other forms of payment.

Accrued Liabilities