Accrued expenses are
A) paid for in one period but not fully used until a later period.
B) used in one period but not paid for until a later period.
C) paid for,recorded,and used in one period.
D) budgeted but not paid for or used during the period.

Question

Quizplus · Accepted Answer

Accrued expenses are expenses that have been incurred in one period but have not been paid for until a later period. For example, if a company receives a service in December but does not receive the invoice until January, the expense is considered accrued in December even though it's not paid until January.

Accrued Expenses Are