Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 4 - No. 8)
Which of the following are accrued expenses?
Unpaid wages
Unpaid utilities
Prepaid rent
Interest owed
Explanation
Accrued expenses are expenses that have been incurred but not yet paid. Unpaid wages, utilities, and interest owed all fall into this category.
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