Which of the following accounts is most likely to be associated with an accruedexpense?
A)Salaries Payable.
B)Service revenue.
C)Accounts receivable.
D)Unearned revenue.
E)Depreciation expense.

Question

Quizplus · Accepted Answer

Accrued expenses refer to expenses that have been incurred but not yet paid. Salaries payable is a liability account that records the amount of salaries owed to employees but not yet paid, making it the most likely account to be associated with an accrued expense.

Which of the Following Accounts Is Most Likely to Be