Accrued Expenses Definition
Below please find a definition of “Accrued Expenses”
Accrued Expenses: The expenses that are recorded in balance sheets before they are actually paid are termed as accrued expenses. These expenses are due to be paid at some future date but they are recorded anyway because of their high probability of being collected. For example, staff wages are recorded in balance sheets because they will be paid to employees at some point for sure.
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