Doctor Accounting : Chapter 16 in Collaboration with SAA Global Education

Do you know what is Accrued Expenses? What is it used for?

Watch Dr Accounting chapter 16 to learn more about the world of Accounting with us!

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Video Transcript

Welcome to Doctor Accounting chapter sixteen.
In this series, I would like to share with you on Accrued Expenses.
So what is an accrued expenses?
Accrued expenses relates to an accounting period but have not been paid for.
So they are primarily shown in the statement of financial position as a liability.
So in a profit and loss, it would be reflected as Debit expenses and Credit accruals.
I hope that you find this series useful. In my next series of chapter seventeen, I’m going to share with you on Pre-payment expenses. Stay tuned!