What are Accrued Expenses in Accounting? With Examples!

Accrued expenses is an accounting term for money your business owes that you have not yet paid and you have not received a bill for yet.
In this video we explore an example of how to use accrued expenses to better understand the term.
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00:00 What are Accrued Expenses in Accounting? With Examples!
00:01 Accrued expenses definition
00:10 Accrued expenses examples
00:51 Accrued expenses adjusting entries
01:19 Accrued expenses adjustment journal
02:04 Accrued expenses on the balance sheet
03:43 Accrued expenses reversing journal
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Please note that Bullseyemoney is not a financial or tax adviser. Our videos are here to inform you and the information provided does not constitute financial, taxation, legal, business or other professional advice and should not be relied upon as such. Bullseyemoney is not liable or responsible for any financial, tax, legal, business or other decisions you make. If you are looking for advice, you should seek a suitable and qualified adviser.

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[@honourvirtue3820]

Excellent explanation ❤

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[@TheBookkeepingChannel]

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