Match the following terms with the appropriate definition.
-liabilities created by adjusting entries

Name: Match the following terms with the appropriate definition. -liabilities created by adjusting entries
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Question

Quizplus · Accepted Answer

Accrued liabilities are specifically the type of liabilities that are recognized through adjusting entries in accounting. These are expenses that have been incurred but not yet paid or recorded until the adjusting entry is made, such as accrued interest or salaries.

Match the Following Terms with the Appropriate Definition