Question

Which of the following accounts is used to record an accrual for expenses?

1) Accounts Receivable
2) Unearned Revenue
3) Interest Payable
4) Prepaid Rent

Answer 1

Interest Payable is the account used to record an accrual for expenses.

Step-by-step explanation:

The account that is used to record an accrual for expenses is Interest Payable.