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What is an 'Accrued Expenses
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Answer / sagar
Accrued expenses are the expenses for the period whether paid or not.
eg. monthly rent is $1000 and payment made is $800 in this case accrued expenses will be $1000 and not the amount that has actually being paid $800.
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Answer / lokesh
Accrued expenses is expenses related to the current accounting period but will pay next accounting period. It's called Accrued expenses.
Ex:- House rent, Salaries
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