Expenses that have been incurred (such as wages)but have yet to be paid are reported on the balance sheet as
A)accruals.
B)accounts receivable.
C)accounts payable.
D)notes payable.

Name: Expenses that have been incurred (such as wages)but have yet to be paid are reported on the balance sheet as A)accruals. B)accounts receivable. C)accounts payable. D)notes payable.
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Question

Quizplus · Accepted Answer

Accruals refer to expenses that have been incurred but not yet paid, and they are reported on the balance sheet as liabilities.

Expenses That Have Been Incurred (Such as Wages)but Have Yet