Pronunciation: /əˈkruːd laɪəˈbɪləti/
noun a liability that has been incurred but not yet paid
A1 Accrued liability is money that a company owes but has not yet paid.
A2 The accountant calculated the accrued liability for the month.
B1 Accrued liability can include expenses like wages, taxes, and interest.
B2 It is important for businesses to accurately track their accrued liabilities.
C1 Analyzing accrued liabilities is a crucial part of financial reporting.
C2 The auditor reviewed the company's accrued liabilities to ensure compliance with accounting standards.
adjective accrued (accumulated or added over time) is describing the type of liability
A1 Accrued liability means a debt that has built up over time.
A2 The company's accrued liability for employee benefits is causing financial strain.
B1 The accountant needs to review the accrued liability accounts before finalizing the financial statements.
B2 The auditors discovered a significant accrued liability related to unpaid taxes.
C1 The company's accrued liability for legal settlements was disclosed in the annual report.
C2 Managing accrued liabilities effectively is crucial for maintaining a healthy balance sheet.
formal The company's accrued liability for employee benefits increased significantly this quarter.
informal The amount the company owes for employee benefits went up a lot this quarter.
slang The company's tab for employee benefits really piled up this quarter.
figurative The weight of the company's accrued liability is starting to feel heavy on their balance sheet.
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