Accrued expenses:

Question

Accrued expenses:

Quizplus · Accepted Answer

Accrued expenses are expenses that have been incurred but not yet paid. These expenses result from services received before payment, so option C is correct. Option A is incorrect because accrued expenses are typically paid in cash rather than services. Option B is incorrect because accrued expenses result from payment after services are received. Option D is incorrect because accrued expenses are not deferred charges; rather, they are current liabilities that need to be paid off.

Accrued Expenses