Question

expenses paid but not accrued means?A) capital expensesB) outstanding expensesC) prepaid expensesD) cash

Answer 1

I THINK....

C → PREPAID EXPENS IS THE ANSWER....

Answer 2

Expense paid means you have actually paid cash against this expense

And........

expense not accrued means still you have to record this expense in your books....so

it is prepaid expense ......which is recorded in balance sheet as an asset