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27 February 2014 Pls explain about Accrued Expenses.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
27 February 2014 accrued expense refer to expenses that relate the relevant period but are not paid yet.

Eg: Interest is accounted on day to day basis but payable to bank on quarterly basis. So it should be accrued daily...this would reflect as an accrued expense in the books, on the quarter end it would paid to the bank
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
03 March 2014 exp for which liability to pay have not arised but exp is booked.
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