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  • Note di Apprendimento
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    BabaJide Martins F.
    TR
    BabaJide Martins F.

    Accrued expenses must be recorded though they haven't been paid. They are liabilities to the business without being record the account will be accurate.

    Alice B.
    GQ
    Alice B.

    What is the difference between accrued benefit and accrued expense?

    Morne V.
    ZA
    Morne V.

    What is the difference between accrued benefit and accrued expense

    Sunday O.
    NG
    Sunday O.

    okay

    Odongo M.
    UG
    Odongo M.

    Accounting -> Accrued expenses Accrued expenses In this example, wages have been paid for the three months ending of $3600. At 31 March there is $300 owing. The accrued expenses are a current liability. General journal Date Accounts Debit Credit Jan.-Mar. Wages 3 600 Bank 3 600 Paid Wages 31 Mar. Wages 300 Accrued Wages 300 Wages owing 31 Mar. Profit and Loss a/c 3 900 Wages 3 900 Wages posted to Profit and Loss a/c In the Ledger Wages 31 Mar. Bank 3 600 Accrued wages 300 Profit and Loss a/c 3 900 3 900 3 900 1 Apr. Accrued wages 300 Accrued wages 1 Apr. Wages 300 31 Mar. Wages 300 Profit and Loss account 31 Mar. Wages 3 900

    Nana Amankwah K.
    GH
    Nana Amankwah K.

    Accrued expenses are current liabilities

    Manish K.
    NP
    Manish K.

    Expenses which should be made at present but not made is simply known as accrued expense. it is current liability.

    Penelope M.
    US
    Penelope M.

    The accrued expenses are a current liability, I definitely agree, because this is a debt that has not been paid as of yet.

    Adil N.
    MA
    Adil N.

    What are accrued expenses?

    Gloria N.
    AE
    Gloria N.

    The accrued expenses are a current liability.

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