Accrued liabilities are usually expenses that have been incurred by a company as of the end of an accounting period, but the amounts have not yet been paid or recorded in Accounts Payable. The accrued liabilities and their related expenses are recorded as of the end of the accounting period through the use of adjusting entries.

Some examples of accrued liabilities include accrued wages, accrued fringe benefits, accrued management bonuses, accrued advertising and promotion, accrued product warranty costs, and accrued interest on loans payable.

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