q what is accrued expensesaccrued expenses, Accounting Basics

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q what is accrued expensesaccrued expenses

Q. What is Accrued expenses?

Accrued expenses, accruals -- an expense that has been incurred though not yet paid for.Salaries are a good instance. Employees earn or accrue salaries each hour they work. Thesalaries continue to accrue till payday when accrued expense of the salaries iseliminated.

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