A/c
This query is : Resolved
27 February 2014
Pls explain about Accrued Expenses.
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
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
03 March 2014
exp for which liability to pay have not arised but exp is booked.
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