Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 33 - No. 12)
What is an example of an accrued expense?
Rent paid in advance.
Insurance paid for the current year.
Salaries payable to employees at year-end.
A prepaid expense.
Explanation
An accrued expense is an expense that has been incurred but not yet paid for during the accounting period, such as salaries.
Comments (0)
