Accrual and prepaid expenses
Kirti Pandey
1y
Accrued expenses are expenses that a business incurs, but hasn't yet paid yet. For example, a company might receive goods or services and pay for them at a later time. It's a similar concept to buying...read more
Nishant Singh
1y
Opposite of prepaid expenses
Tanya
2y
Accrual expenses means the expense in which have taken the service but the bill against the said service has not been received or booked in an accounting system.
Prepaid Expense means the expense that ...read more
Komal Prajapati
2y
accrual expenses are the outstanding expenses that will pay at a specific future date.
prepaid expenses are the expenses that are paid in advance.
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