Accruals are earned revenues and incurred expenses that have yet to be received or paid. Accounts payable are short-term debts, representing goods or services a company has received but not yet paid for.
Never heard about neither of these two types of payment. Just like our friend has written previously, accrual and accounts payable refers to accounting entries in the books of a company or business. Accruals are earned revenues and incurred expenses that have yet to be received or paid. Accounts payable are short-term debts, representing goods or services a company has received but not yet paid for. Guys from grimardfinancial.com can offer you in-detail information regarding this matter, so make sure to check them out for any retirement financial advice.
