What is the liability called that arises from an expense that the business has incurred but has not yet paid?

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An expense that the business has incurred but has not yet paid is called an accrued expense. This liability arises from expenses such as salaries, rent, or interest that have been incurred but have not yet been paid for. Accrued expenses are recorded in the balance sheet as a liability, and they represent an obligation of the business to pay for these expenses in the future.

What Is the Liability Called That Arises from an Expense