• Liabilities for services received for which payment has yet to be made and for which invoice has not been received.
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| ||Acid test ratio: Also called the quick ratio, the ratio of current assets minus inventories, Accruals, and prepaid items to current liabilities.Is another term to describe the Quick Asset Ratio. It measures an organization's liquidity by adjusting current assets by subtracting inventories and then dividing by the current liabilities.See Quick Ratio.|
| ||Spontaneous financing / spontaneous liabilities: Financing that rises and falls with the volume of sales activity from the normal operations of the firm without further negotiation with creditors/lenders. The two major short-term sources of which are accounts payable and Accruals.|