Accrued expenses originate from

Name: Accrued expenses originate from
Brand: Quizplus
Rating: 4.8 (48 reviews)

Question

Quizplus · Accepted Answer

Accrued expenses are expenses that a company has incurred but has not yet paid for. This means that the company owes the expenses, but they have not yet been recorded as liabilities. Option A refers to paid-off liabilities, which are not accrued expenses. Option B refers to prepaying for items, which is not an expense until it is utilized. Option C refers to cash collections from customers, which is not related to expenses.

Accrued Expenses Originate from