In the morning, put peeled, quartered potatoes in a pot of cold water and refrigerate; when itâs time for dinner, just put the pot on the stovetop and fire it up! â Donât keep shredded potatoes in water.
Definition. Costs which occur on an irregular basis, rather than monthly. Examples of periodic expenses may include quarterly insurance premiums, school taxes, or automobile maintenance costs.efinition. Costs which occur on an irregular basis, rather than monthly. Examples of periodic expenses may include quarterly insurance premiums, school taxes, or automobile maintenance costs.
What is accrued expense? An accrued expense is an accounting term referring to an expense that is owed but not yet paid for (also known as an accrued liability). For more on other kinds of liabilities, see the encyclopedia entry liability. The accrued expense concept is one of several accounting conventions made necessary by the use of accrual accounting, in which revenues are recorded when earned and expenses are recorded when owed.