Accrued expenses are:
APaid in advance
BIncurred but unpaid at year-endCORRECT
CRecoverable expenses
DNon-deductible
CIBNFinancial Accounting
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Accrued expenses (e.g. unpaid wages at year-end) are recognised under accruals — Dr expense / Cr accruals.
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