Accrued Expenses Payable

 

 

Accrued Expenses Payable

Accrued expenses payable is a liability account that reflects the amount a company owes for expenses incurred against which payment is yet to be made by the company. For example, salary expense for a particular month which is yet to be paid by the entity will be recorded in an expense account on income statement and an accrued payable account on the entity’s balance sheet.

 

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