Question

An example of an accrued expense is wages payable.
A. True
B. False

Answer 1

An accrued expense is a type of expense that has been incurred but has not yet been paid. Wages payable is an example of an accrued expense.

Step-by-step explanation:

An accrued expense is a type of expense that has been incurred but has not yet been paid. It represents an obligation that a company owes but has not yet settled. Wages payable, which refers to the wages that a company owes to its employees but has not yet paid, is an example of an accrued expense.