An accrued expense is an expense
A)incurred but neither paid nor recorded
B)incurred, paid, and recorded
C)paid and recorded but not incurred
D)whose amount is subject to estimation

Question

Quizplus · Accepted Answer

An accrued expense is an expense that has been incurred but not yet paid or recorded. This means that the company owes money for the expense, but it has not yet been reflected in the financial statements. Accrued expenses are typically recorded through adjusting entries at the end of an accounting period.

An Accrued Expense Is an Expense