Respuesta :
The accountant must debit and increase an expense and credit and increase a liability in order to record accrued expenses. A charge that has been incurred but not yet been recorded or paid is known as an accrued expense.
In other words, a company's obligation to pay for goods and services that have been provided but for which invoices have not yet been received is represented by accrued liabilities, which are liabilities that reflect expenses that have not yet been paid or logged under accounts payable during an accounting period.
The most frequent accrued expenses that businesses owe are salaries, rent, and interest. On the other hand, accounts payable represent money owed to creditors, such as suppliers for products and services that were financed. Occurrence: Accrued expenses, like rent and loan interest payments, frequently occur.
Learn more about Accrued expenses here
https://brainly.com/question/18958281
#SPJ4
