Accrued expenses are
A)used in one period but not paid for until a later period.
B)paid for in one period but not fully used until a later period.
C)paid for, recorded, and used in one period.
D)budgeted but not paid for or used during the period.

Question

Quizplus · Accepted Answer

Accrued expenses are expenses that have been incurred but have not yet been paid for, and are therefore used in one period but not paid for until a later period.

Accrued Expenses Are