Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 40 - No. 14)
If a company has an 'accrued expense', where is this typically reflected in the financial statements?
Income statement and balance sheet.
Only in the balance sheet.
Only in the income statement.
In the cash flow statement and income statement.
Explanation
It is reflected on both income statement and balance sheet.
Comments (0)
