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Indeed Time Revtaring a $14 \%$ 294 Question 8 / 12 Which is NOT an expense account? Repairs expense Rent expense Advertising expense Interest expense Accrued expenses

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Zachary

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Solution By Steps

Step 1: Define Expense Accounts

Expense accounts are categories in the financial records of a business that track the costs incurred in the normal course of operations.

Step 2: Analyze Each Option

Repairs expense: An expense account used to record the costs of repairing assets.

Rent expense: An expense account used to record the costs of renting property or equipment.

Advertising expense: An expense account used to record the costs of advertising and marketing activities.

Interest expense: An expense account used to record the costs of interest on loans or other forms of debt.

Accrued expenses: This is not an expense account; it is a liability account that represents expenses that have been incurred but not yet paid.

Final Answer

Accrued expenses is NOT an expense account; it is a liability account.

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