Accrued expenses are liabilities that represent costs a company has incurred but has not yet paid or recorded in its financial statements. These expenses are recognized in the accounting period in which they occur, following the accrual basis of accounting. Common examples include wages, interest, and utilities that have been incurred but not yet billed or paid. Accrued expenses ensure that financial statements accurately reflect a company's obligations and expenses during a specific period.
It is the expense that you occured but didnt pay yet
fees earned but not yet received is what account
A liability that arises because an expense happens in a time span former to the associated money payment.
debit to payroll expense credit to accured payroll
you mean 'Accrued' account, which means increased,or what you have added, saved.
It is the expense that you occured but didnt pay yet
deferred nexpense
fees earned but not yet received is what account
A liability that arises because an expense happens in a time span former to the associated money payment.
debit to payroll expense credit to accured payroll
you mean 'Accrued' account, which means increased,or what you have added, saved.
accured or occured...please specify
it means nature accured and means that there Mating
happen means somthing that accured like an example:what happen to u or why did this happen k
It means it is worth a lot.
At the expense of enternaining or damaging
yizo