Which of the following accounts is NOT affected by an accrued expense?
A)Sales Tax Payable
B)Supplies
C)Interest Expense
D)Wages Payable

Question

Quizplus · Accepted Answer

Accrued expenses relate to expenses that have been incurred but not yet paid. Supplies are not affected by this as they are recorded when purchased, not when used. The other accounts listed can be affected by an accrued expense.

Which of the Following Accounts Is NOT Affected by an Accrued