🎁BACK-TO-SCHOOL DEAL. Subscribe Now to get 40% OFF at only 8.49 USD/month, only valid until Sep 30th, 2024

Question

Which is not an expense account indeed ?a)Repairs expense b)Rent expense c)Accrued expenses d)Advertising expense e)Interest expense

Asked By StormChaser83 at

Answered By Expert

Blake

Expert · 5.9k answers · 5k people helped

C.Accrued expenses is not an expense account. Accrued expenses are costs that have been incurred but have not yet been recorded as an expense in the company's financial statements. They represent a liability, not an expense, since they are obligations that the company has incurred but has not yet pai