Answer / john agbelengor

ACCRUED EXPENSE IS A LIABILTY.
THIS IS BECAUSE IT IS AN EXPENSE INCURED IN THE PREVIOUS
ACCOUNTING PERIOD AND WAS DUE FOR PAYMENT BUT HAS NOT BEEN
DONE

Answer / soniya

Accrued Expense is an expense that is incurred, but not yet
paid for, during a given accounting period. Hence, it is a
current liability.
Accrued expenses are the opposite of prepaid expenses.

Answer / izi

Accrued expense is opposite to prepaid expense.
Actually accrued expense is the expense whose benefit has been taken but such expenses has not been paid yet(in the form of cash or cheque). So, we treat we treat it as current liability.

Answer / swathi

accrued expense is a liability which is not yet paid. which
we have to pay now thus it is a liabilitie.

Answer / guest

accrued expense is an asset

what is the meaning of preliminary expenses and how you shown in balance sheet

50 Answers   Banking, BPL, CA, Capital IQ, Chartered Accountant, First Midwest Bank, GE, Glass Wall Systems, Ocwen, Siemens,

what is the differences among issued,paidup,authorised,subscribed capitals?

9 Answers   Zee,

what is meant by factorising

1 Answers  

What is a TDS ?

3 Answers  

What is bank Reconciliation Statement?

2 Answers   EDS,

what is capital market, stock market and share market?

2 Answers   Mellon,

how the loss on sale of furniture will be entered in accounting books

4 Answers  

EXPAND___________LMB

4 Answers  

Short Answer on __________Partnership

2 Answers  

what are responsibilities of an accountant in a company?

0 Answers   Adhunik, DOT, State Bank Of India SBI,

What is meant by Capital Loss

2 Answers  

respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...

0 Answers