accrued cost (n)~ The accumulated value of costs recognized from invoicing a job. The accrued cost is posted to an accrued expense liability account in the balance sheet. accrued revenue (n)~ Revenue earned in one accounting period but received in a subsequent accounting period.
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accrued cost (n)~ The accumulated value of costs recognized from invoicing a job. The accrued cost is posted to an accrued expense liability account in the balance sheet. accrued revenue (n)~ Revenue earned in one accounting period but received in a subsequent accounting period.
