Talk:Accrual

Accrued expenses are short-term liabilities?
Would it be accurate to say that accrued expenses are short-term liabilities? This site says, "Accrued expenses are expenses incurred but not paid yet. Interest free source of finance. The accrued expenses account is a short-term liability" but I notice that isn't mentioned in the article. Thanks. AccountsPayable (talk) 18:48, 23 July 2015 (UTC)

Accrued expenses become accounts payable?
Suppose a company expects a $500 invoice for supplies. Would the entry be entered like this:

Supplies ..... $500 Accrued expenses .... $500

Then when the invoice is received:

Accrued expenses ..... $500 Accounts payable .... $500

Then when the invoice is paid:

Accounts payable ..... $500 Cash ................ $500

AccountsPayable (talk) 18:58, 23 July 2015 (UTC)

Accrued revenues become accounts receivable?
Suppose a company expects to send out a $500 invoice. Would the entry be entered like this:

Accrued revenue ....... $500 Revenue .............. $500

Then when the invoice is sent out:

Accounts receivable ... $500 Accrued revenue ...... $500

Then when payment for the invoice is received:

Cash .................. $500 Accounts receivable .. $500

AccountsPayable (talk) 20:08, 23 July 2015 (UTC)

Is Goodwill an accrual?
Is goodwill an accrual as it says? 2A02:8084:31E:F380:94FC:B674:B400:2C50 (talk) 22:51, 10 April 2022 (UTC)