Interested to Buy Any Domain ? << Click Here >> for more details...
what is accrued expense
- 4 Answers
- 8076 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / bhargav selarka
indian accounting records expenses based on accrual
system.expenses are recorded when they become due rather
than when they are actually paid..therefore the term
accrued tax refers to an expense becoming due but not yet
paid.it should be disclosed as a current liabality
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / sumit
An accounting expense recognized in the books before it is paid for. It is a liability, and is usually current. These expenses are typically periodic and documented on a company's balance sheet due to the high probability that they will be collected.
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / h.r. sreepada bhagi
Expenses which relate an accounting period but paid in a
subsequent year are accrued ecpenses. Accrued expense need
not be due for payment.
These expenses will be debited to the Profit & Loss A/c of
the year to which they relate and shown on the liabilities
side of the Balance under Current Liabilities & Provisions
(In horizontal Balance Sheet). In vertical Balance Sheet
format, Current Liabilities & Provisions are deducted from
Current Assets and Net Current Assets is shown.
| Is This Answer Correct ? | 1 Yes | 0 No |
maximum bank permissable finance
Please explain subcontracting accounting entries in SAP with realtime example and amount.
which chart of accounts is used for day to day postings?
What are the steps involved in project implementation?
Where do generally accruals appear on the balance sheet?
Do you know what is project implementation?
what are cost accounting and its applications?
we have paid diwali bonus by chq.. pls let me know how to enter the same in tally and in under which head..Explain pls
Wha is difference between expenses and expenditure
any one provide me mm & fi configration steps
OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.
As you know account executives need to be talented salespeople. Do you have experience making sales?
Audit 
