Which of the following accounts is most likely associated with an accrued expense? 104)
A)Accounts Receivable.
B)Service revenue.
C)Salaries Payable.
D)Depreciation expense.
E)Unearned revenue.

Question

Quizplus · Accepted Answer

Accrued expenses are expenses that have been incurred but not yet paid for. Salaries payable is an example of an accrued expense because employees have earned their wages but have not yet been paid.

Which of the Following Accounts Is Most Likely Associated with an Accrued