Are accrued expenses current assets?

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Shorey 0 Comments

I am confused with this accounting course. What accrued expenses are and where are they included on the statement of financial position? Are they current or non current?

1 Answer

score 0 · Answer 1 · 2012-12-02T16:08:37+00:00

Accrued expenses are liabilities. They are expenses incurred which are not paid yet. The maturity of these liabilities can be both within twelve months or within more than twelve months. They can therefore be both current and non current liabilities.