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(A) Current assets (B) current liabilities
i have read, and also have been taught by my teachers that DEPRECIATION is a NON PAID EXPENSE , but yet didnt found any reliable answer, Thanks M.Shoaib Khalid
Iccruded expense liabilties.yes because . Obligation in intity in the past events and running period and encrease the liabilite must be paid and settelmen.like legle obl ... See More
An accrued expense is a liabilitey .Accrual basis accounting —
An accrued expense is a liability. Accrual basis accounting —uses the adjusting process to recognize revenue when earned and to match expenses with revenues. This means t ... See More
Accured expense is a Liability. We are making accrual due to non receipt ot the invoice from vendors for the financial year. Since we need to arrive at the correct profit ... See More
To accrue means to accumulate or increase something in value, whilst an expense is a clear reference to an outflow of expenditure.Therefore an accrued expense is a liabil ... See More
Hi Hafiz, Accrued expenses means expenses are already incurred but payment is not made on that period. In order to book the expenses correctly on accrual basis & ... See More