Accrued meaning: Accrued definition

Accrued definition: added as a matter of periodic gain or advantage, as interest on money.. See examples of ACCRUED used in a sentence. Accrue means to increase or add gradually over time, or to result naturally or legally. Learn how to use accrue in different contexts, such as business, law, or accounting, with synonyms and sentences. What are Accruals: Meaning, Examples, and How They Work The Knowledge Academy 31 October 2025 Accruals are revenues earned or expenses incurred in a period without cash exchange, ensuring accurate financial reporting under Accrual Accounting. They are essential for matching income and expenses correctly. Accurate Accrual entries help businesses make informed decisions and stay compliant with accounting standards. Accrued Expenses are the expenses that the firm has incurred but not paid for yet. Accrued expenses are also known as Accrued Liabilities. Accrued Expenses are recorded on the balance sheet as liabilities and are recognised under the accrual basis of accounting.