What are accrued expenses? Select one: a. advanced payment of cost incurred in the business. b....

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Question

What are accrued expenses? Select one: a. advanced payment of cost incurred in the business. b....

What are accrued expenses?

Select one:

a. advanced payment of cost incurred in the business.

b. recorded expenses that have been incurred, but not paid.

c. unrecorded expenses that have incurred, but not paid or yet recognized.

business accounting

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Answer 1

Answer #1

Accrued expenses are expenses that are incurred but are not paid.

The answer is Option b.

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Answer 2

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