Question

The expense that has been incured but has not been paid are called

Answer 1

Answer:

Accrued expenses are recognized on the books when they are incurred, not when they are paid. Accrual accounting requires more journal entries that simple cash balance accounting.

Answer 2

Answer:

Key Takeaways.

Explanation:

Accrued expenses are recognized on the books when they are incurred, not when they are paid. Accrual accounting requires more journal entries that simple cash balance accounting.

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