As an owner’s equity, accrued liabilities occur in one period, and you pay the expense in the next period. You enter an accrued liability into your books at the end of an accounting period. 

Revenues causes Owner's Equity to increase, and expenses cause Owner's Equity to decrease.  When the company incurs electricity charges, the company's Liabilities increase and Owner's Equity decreases. If the company pays for ads to appear in this week's newspaper, Assets decrease and Owner's Equity decreases.

Owner’s Equity Accounts are, an accrued expense is an accounting expense recognized in the books before it is paid for. You owe interest on an outstanding loan and haven't been billed by the end of the accounting period. 

It can be considered an accrued payroll, taxes on employee wages are due in the next period.

In Owner's Equity, that are are commonly accrued include: Interest on loans, for which no lender invoice has yet been received.