An example of an accrued expense is

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An accrued expense is an expense that has been incurred but not yet paid for. Interest accrued on a note payable fits this definition. Option A, interest accrued on a note receivable, would be an accrued revenue. Option C, unearned revenue, is not an expense, but rather a liability for a service or product that has not yet been delivered. Option D, accounts receivable, is an asset representing money that is owed to the company by customers who have purchased goods or services on credit.

An Example of an Accrued Expense Is