Expenses incurred in one fiscal preiod but not paid until a later fiscal period.
Accrued Interest Expenses
Interest incurred but not yet paid.
Accrued Interest Income
Interest earned but not yet received.
Revenue earned in one fiscal period but not received until a later fiscal period.
Any product that is protected by patents, trademarks, and copyrights.
An entry made at the beginning of one fiscal period to reverse an adjusting entry made in the previous fiscal period.