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  • Accruals, accrued expenses, accrued liabilities
    Accruals, accrued expenses, accrued liabilities are liabilities which are recorded, although payment has not yet been made (this
  • Accrued expenses
    Expenses incurred but not yet paid or recorded at the statement date are accrued expenses. Interest, rent, taxes, and salaries are typical accrued expenses.

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