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2. Accrued liabilities - Wikipedia

   en.wikipedia.org/wiki/Accrued_liabilities

   Examples would include accrued wages payable, accrued sales tax payable, and accrued rent payable. There are two general types of Accrued Liabilities: Routine and recurring; Infrequent or non-routine; Routine and recurring Accrued Liabilities are types of transactions that occur as a normal, daily part of the business cycle. [2]

3. Assets vs. Expenses: Understanding the Difference - AOL

   www.aol.com/finance/assets-vs-expenses...

   Assets and expenses are two accounting terms that new business owners often confuse. Here’s what each term means and how to use them in accounting. Assets vs. Expenses: Understanding the Difference

4. Chart of accounts - Wikipedia

   en.wikipedia.org/wiki/Chart_of_accounts

   A chart of accounts (COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger. Accounts may be associated with an identifier (account number) and a caption or header and are coded by ...

5. Adjusting entries - Wikipedia

   en.wikipedia.org/wiki/Adjusting_entries

   Accrual - cash paid or received after consumption Expenses Prepaid expenses: for expenses paid in cash and recorded as assets before they are used Accrued expenses: for expenses incurred but not yet paid in cash and not yet recorded Revenues Unearned revenue: for revenues received in cash and recorded as liabilities before they are earned

6. Accrual - Wikipedia

   en.wikipedia.org/wiki/Accrual

   In accounting and finance, an accrual is an asset or liability that represents revenue or expenses that are receivable or payable but which have not yet been paid.. In accrual accounting, the term accrued revenue refers to income that is recognized at the time a company delivers a service or good, even though the company has not yet been paid.

7. Basis of accounting - Wikipedia

   en.wikipedia.org/wiki/Basis_of_accounting

   The modified cash basis of accounting, combines elements of both accrual and cash basis accounting. Some forms of the modified cash basis record income when it is earned but deductions when expenses are paid out. In other words, the recording of income is on an accrual basis, while the recording of expenses is on the cash basis.