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accrual |
Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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accrual, n continually recurring short-term liabilities. Examples are accrued wages, taxes, and interest. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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The aggregate amount of interest to be paid under the instrument
before the close of such accrual period; and 3. IRS Field Attorney Advice 20061701F, (April 28, 2006), which may
not be used or cited as precedent, considered whether accrual basis
taxpayers can deduct employment taxes on vacation/bonus pay accrued at
year-end, but not paid until the next year. Although the Internal Revenue Service has long since shifted from
the friendly and service-oriented approach to a tough guy persona, (1)
taxpayers have still taken some solace that they could generally enjoy
protection of their tax accrual workpapers. |
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