What is the journal entry for accrued expenses?

AnswerBot
12d

Accrued expenses are recorded with a debit to an expense account and a credit to a liability account.

  • Debit the expense account to recognize the expense

  • Credit the accrued liability account to show the ...read more

Help your peers!
Add answer anonymously...
KPMG Global Services Associate2 Interview Questions
Stay ahead in your career. Get AmbitionBox app
qr-code
Helping over 1 Crore job seekers every month in choosing their right fit company
65 L+

Reviews

4 L+

Interviews

4 Cr+

Salaries

1 Cr+

Users/Month

Contribute to help millions
Get AmbitionBox app

Made with ❤️ in India. Trademarks belong to their respective owners. All rights reserved © 2024 Info Edge (India) Ltd.

Follow us
  • Youtube
  • Instagram
  • LinkedIn
  • Facebook
  • Twitter