Match each of the following terms pertaining to liabilities to their definitions.
-A liability that has been incurred but has not been paid as of the balance sheet date.
A)Current liability
B)Accounts payable
C)Notes payable
D)Discount on notes payable
E)Current maturities of long-term liabilities
F)Accrued liabilities
G)Contingent liability
H)Estimated liability

Question

Quizplus · Accepted Answer

Accrued liabilities are expenses that have been incurred but not yet paid by the end of the accounting period, fitting the description provided.

Match Each of the Following Terms Pertaining to Liabilities to Their