menu
Qamnty
Login
Register
My account
Edit my Profile
Private messages
My favorites
3. Why accrue an expense?
Ask a Question
Questions
Unanswered
Tags
Ask a Question
3. Why accrue an expense?
asked
Nov 4, 2022
110k
views
16
votes
3. Why accrue an expense?
Business
college
NTyler
asked
by
NTyler
8.4k
points
answer
comment
share this
share
0 Comments
Please
log in
or
register
to add a comment.
Please
log in
or
register
to answer this question.
1
Answer
5
votes
Because accrued expenses represent a company's obligation to make future cash payments, they are shown on a company's balance sheet as current liabilities.
Brian Ramsey
answered
Nov 9, 2022
by
Brian Ramsey
8.4k
points
ask related question
comment
share this
0 Comments
Please
log in
or
register
to add a comment.
← Prev Question
Next Question →
Related questions
asked
Jul 10, 2024
222k
views
Each month, a corporation will accrue income taxes based on the month's earnings. to record the income tax for the month, the company will debit the income tax expense account and credit the ____ account.
XMight
asked
Jul 10, 2024
by
XMight
7.8k
points
Business
high-school
1
answer
0
votes
222k
views
asked
Apr 27, 2024
145k
views
An allowance ledger can be made for any type of expense that is expected to accrue over time.
Bjoerg
asked
Apr 27, 2024
by
Bjoerg
8.4k
points
Business
high-school
1
answer
0
votes
145k
views
asked
Oct 4, 2024
169k
views
On December 31, Carmack Company received a $215 utility bill for December that it will not pay until January 15. The adjusting entry needed on December 31 to accrue this expense is: Debit Utilities Expense
Timothy Gonzalez
asked
Oct 4, 2024
by
Timothy Gonzalez
8.4k
points
Business
high-school
1
answer
5
votes
169k
views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.
Categories
All categories
Mathematics
(3.7m)
History
(955k)
English
(903k)
Biology
(716k)
Chemistry
(440k)
Physics
(405k)
Social Studies
(564k)
Advanced Placement
(27.5k)
SAT
(19.1k)
Geography
(146k)
Health
(283k)
Arts
(107k)
Business
(468k)
Computers & Tech
(195k)
French
(33.9k)
German
(4.9k)
Spanish
(174k)
Medicine
(125k)
Law
(53.4k)
Engineering
(74.2k)
Other Questions
Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Twitter
WhatsApp
Facebook
Reddit
LinkedIn
Email
Link Copied!
Copy
Search Qamnty