Expense must be recorded in the acc

Expense must be recorded in the accounting period in which it is incurred. Therefore, accrued expense must be recognized in the accounting period in which it occurs rather than in the following period in which it will be paid.As expense will be debited to record the accrued expense, a corresponding payable must be created to account for the credit side of the transaction

Expense must be recorded in the accounting period in which it is incurred. Therefore, Accrued Expense must be recognized in the accounting period in which it occurs rather than in the following period in which it Will be paid. As Expense Will be Debited to Record the Accrued Expense, a corresponding Payable must be Created to Account for the Credit. side of the transaction

Expense must be recorded in the accounting period in which it is incurred. Therefore accrued expense, must be recognized. In the accounting period in which it occurs rather than in the following period in which it will be paid.

As expense will. Be debited to record the accrued expense a corresponding, payable must be created to account for the credit side of the. Transaction
.