The obligations of a business that are accumulated during the normal course of a business are
A) short -term debt.
B) accrued liabilities.
C) actual liabilities.
D) long -term debt.

Question

Quizplus · Accepted Answer

Accrued liabilities are obligations that a business has incurred in the course of its normal operations but has not yet paid. These can include wages payable, taxes payable, and interest payable, among others. They are recorded on the balance sheet and recognized before the expenses are paid.

The Obligations of a Business That Are Accumulated During the Normal