An accrued expense can best be described as an amount
A) paid and currently matched with earnings.
B) paid and not currently matched with earnings.
C) not paid and not currently matched with earnings.
D) not paid and currently matched with earnings.

Question

Quizplus · Accepted Answer

An accrued expense is an expense that has been incurred but has not yet been paid. It is currently matched with earnings because it relates to expenses that have already been recognized on the income statement.

An Accrued Expense Can Best Be Described as an Amount