no
Accrued liabilities are a current liability if they are due within one year.
neither
Accrued interest is typically considered a liability for the borrower, as it represents the interest expense that has been incurred but not yet paid. For the lender, however, accrued interest is an asset, as it reflects the interest income that is expected to be received in the future. Thus, the classification of accrued interest depends on the perspective of the party involved in the transaction.
no, its a revenue
no
Accrued liabilities are a current liability if they are due within one year.
It is an asset.
Electricity expense is an expense account while accrued electricity payable is a liability account
neither
Asset - Liability = Net Asset / Liability * Net Asset - When Asset is more than Liability * Net Liability - When Liability is more than Asset
no, its a revenue
yes It is an Asset, not a Liability.
asset
asset liability
An accrued liability
An accrued liability