Accrued payroll is a payroll which are due but not yet paid for example in a company mostly salaries for previous month are paid on first of every month so on last day of the month salaries became due to pay and those payroll is called accrued payroll, it means benefit of which has already taken but actual cash is not yet paid and it is reverse of advance or prepaid expenses.
debit to payroll expense credit to accured payroll
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Like any other accrued liability/account payable, own account is nice, not entirely nessasary. It is charged as part of payroll expense (which it is).
[Debit] Accrued income receivable [Credit] Accrued income
[Debit] Accrued income receivable [Credit] Accrued income
[Debit] Accrued income receivable [Credit] Accrued income
[Debit] Accrued traveling expenses [Credit] Accrued expenses payable
Accrued expense refers to an expense that has been incurred but not yet paid. Examples of accrued expense items might be interest that has accrued on an outstanding note that has not been paid, and taxes that have accrued but not yet been paid.
Yes, prepaid rent is accrued.
Debit Accrued Interest Expense Credit Accrued Interest Payable