Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 42 - No. 15)
Which of the following would be considered an accrued expense?
Salaries owed to employees at the end of the accounting period.
Utilities used during the month but not yet billed.
Interest expense on a loan that has not yet been paid.
Rent paid in advance for next month.
Explanation
Accrued expenses represent costs incurred but not yet paid.
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