Accrued Expense: What It Is, With Examples and Pros and Cons
https://www.investopedia.com/terms/a/accruedexpense.asp
An accrued expense, also known as accrued liabilities, is an accounting term that refers to an expense that is recognized on the books before it has been paid. The … See more Reversing Entries A critical component to accrued expenses is reversing entries, journal entries that back out a transaction in a subsequent period. Accrued expenses are not meant to …
Reversing Entries
A critical component to accrued expenses is reversing entries, journal entries that back out a transaction in a subsequent period. Accrued expenses are not meant to …
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