A liability that arises because an expense happens in a time span former to the associated money payment.
It is the expense that you occured but didnt pay yet
you mean 'Accrued' account, which means increased,or what you have added, saved.
Deferral 1 Prepaid Expenses 2. Unearned Expenses Accruals 1. Accured Revenue 2. Accured Expenses
fees earned but not yet received is what account
[Debit] rent income receivable [Credit] rent income
deferred nexpense
accured or occured...please specify
Each occurence means that the liability limit of your policy doesn't have an accured limit. Every time you have an accident, the policy limits are available (i.e. each occurence).
yizo
OCCURRED: took place or happened ("It occurred on the 4th of march.") ACCRUED : collected over a period of time, accumulated
Accrued intrest is liability, accourding to ''IAS'' all expense should be recognise when they are occured and all revenue/income should be considered for the year in which they are belong.For example A usually get intrest on every 31st Dec of $1000 from x. it's year end 2007. x paid $2000 in the year 2007. in the year $1000 is accured intrest.
sometimes if something accured there
It is the expense that you occured but didnt pay yet
What is accured Revenue
Earthquakes, tornadoes, hurricanes
The World war two; a devastating war :(
In lituya bay, Alaska. it was approximately 1720 ft