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Define an Accrued expense in your own words and giveTWO examples OR journal entries...

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Accounting

Define an Accrued expense in your own words and giveTWO examples OR journal entries of an Accrued expense.

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Accrued expenses are those expenses that are accrued that is to say that they have been incurred BUT NOT PAID IN CASH As per accrual system of accounting an expense is to be recorded if it is incurred during the period whether the cash has been paid or not Based on this concept all cost    See Answer
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In: AccountingDefine an Accrued expense in your own words and giveTWO examples OR journal entries of...Define an Accrued expense in your own words and giveTWO examples OR journal entries of an Accrued expense.

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