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

Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner

0 Answers  

what is mean by leverage ratio?

1 Answers  

EXPAND___________MSN

3 Answers  

why balance sheet should tally?

2 Answers  

Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.

0 Answers  

i want know how to calculate it in payroll please mail me the percentages using there ?

0 Answers  

we have send material through air cargo, can we deduct tds

2 Answers  

What is the meaning of capital profite and capital reciet? both are same or any different are there?

5 Answers   Capital IQ,

What is the quality of the accountant & rights ? hansika.kk@gmail.com

0 Answers   Sasken,

Expand N G O

4 Answers  

Can you tell me the closing stock entry?

21 Answers   Alpha, Cyber Matrix, Satyam,

Expand-------ANCS

0 Answers