The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

ACCRUALS Definition & Legal Meaning

Definition & Citations:

A short term liability during an accounting period that is not recorded for payment.They are estimated by experience. It is not taken on a report to fit the accural basis accounting rules.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.