What does accrued expenses mean?

accrued expenses meaning in Law Dictionary

n expense incurred but no repayment has arrived in during period. Shown on a balance sheet as a short term liabilty. AKA accrued liablities.

accrued expenses meaning in Business Dictionary

Expenses (such as wages, salaries, and utility charges) which are incurred but for which no payment is made during an accounting period. They are shown in the balance sheet as a current (short term) liability. Also called accrued liabilities.