Incurred Expense
An incurred expense is a cost that a business has become liable for, regardless of whether it has been paid yet. It is recognised when the obligation arises, aligning with the accrual accounting principle. This ensures expenses are matched with the revenues they help generate.
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Investment Portfolio
An investment portfolio is a collection of financial assets such as stocks, bonds, and other securities held by a business…
Interest Accrual
Interest accrual refers to the recognition of interest expense or income over time, even if it has not yet been…
Income Distribution
Income distribution refers to how profits are allocated among stakeholders, such as shareholders, employees, or reinvestment in the business. It includes dividends,…
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