Accrued expenses at the end of one accounting period are expected to result in cash payments in a future period.

Name: Accrued expenses at the end of one accounting period are expected to result in cash payments in a future period.
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Question

Quizplus · Accepted Answer

Accrued expenses represent expenses that have been incurred but not yet paid for. These expenses are recorded as liabilities on the balance sheet and are expected to result in future cash payments. Therefore, the statement is true.

Accrued Expenses at the End of One Accounting Period Are