Are accruals an expense? 1.21K viewsAccounting 0 Corder 0 Comments I don’t understand what accruals actually means. Is it an expense and how is it calculated? Are accruals a credit or a debit and in which statement are they included? 1 Answer ActiveVotedNewestOldest 0 Eaton Posted 0 Comments When a company posts a journal relating to accruals, it posts the following two entries: Dr Expense Account (electricity, rental etc) Cr Accrual. So, an accrual is the debit entry for an incurred but unpaid (and not invoiced) expense. You are viewing 1 out of 1 answers, click here to view all answers. Register or Login Search for:
