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Accrued expenses

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    Wendy C.
    AU
    Wendy C.

    The accrued expenses are a current liability.

    Samuel F.
    ZA
    Samuel F.

    What are accrued expenses and when are they recorded?

    Harrison A.
    AT
    Harrison A.

    Accrued expenses are expenses that have occurred but are yet to be recorded or accounted for through the normal processing of transactions. Accrued expenses reported as current liabilities are the expenses that a company has inccured as of the balance sheet date,but have not yet been recognised or recorded or paid. And typical accrued expenses include wages, interest, utilities, repairs, bonuses, and taxes .

    Harrison A.
    AT
    Harrison A.

    What are the constraints of an accrued expenses ommission in accounting ?

    Zachary B.
    US
    Zachary B.

    What are accrued expenses?

    Zachary B.
    US
    Zachary B.

    what are accrued expenses?

    Zachary B.
    US
    Zachary B.

    What are some accrued expenses

    Zachary B.
    US
    Zachary B.

    What are balance day adjustments?

    Zachary B.
    US
    Zachary B.

    What are accrued expenses?

    Caroline Monica M.
    MW
    Caroline Monica M.

    Expences that have occured but not recorded, the recording will happen when the actual expenditure has been done, for example, if the compamy has been charnged interest on the borowed cash it is an expence however the money will be paid at an agreed period may be after six months, that is when it can be recorded.

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