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0:33
YouTube
AG OnlineTutor
ACCOUNTING in 60s / Do accrued expenses increase profit? #accountingbasics #accounting
Accrued expenses are costs a business has incurred but not yet paid. These expenses are recorded in the profit and loss statement when they happen, not when paid. Accrued expenses reduce profit because they increase total expenses for the period. For example, wages earned by employees but paid later are accrued expenses. Recording accrued ...
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3 months ago
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