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When the actual utility bills for March-April of $31,000 are received at the end of April, they are posted to accounts payable: To record utility bills received in April:
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Accrual (accumulation) of something is, in finance, the adding together of interest or different investments over a period of time. It holds specific meanings in
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How to Accrue an Expense. Accrued expenses are an important part of the accounting process. Expenses that are incurred but have not been recorded by the end of a
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