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Real Estate Glossary

Accrued items

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Richard Wilson
Written by Richard Wilson

Passive accrued items are items of expense that you have acquired but are not payable as of yet. These are the interest on a mortgage loan or taxes on your real property. Active accrued items are the expenses that are prepaid within the current business year. They must be attributed to the new business year.

Passive accrued items are items of expense that you have acquired but are not payable as of yet. These are the interest on a mortgage loan or taxes on your real property. Active accrued items are the expenses that are prepaid within the current business year. They must be attributed to the new business year.

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Richard Wilson

Richard Wilson

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