What do I do if those accruals for the previous year are still not paid until the next year?
Md Ariful Islam
বিএসসি(সিএসই)
,
এমবিএ(মার্কেটিং)
5 views
1 Answers
Dr. Md Rushad Rahman
এমবিবিএস(আরপিএমসি)
,
পিজিটি(মেডিসিন)
Expenses are recorded on the Balance Sheet in the period they occur, even if not paid. Unpaid expenses become and continue to be accruals on the Balance Sheet from accounting period to accounting period as long as the liability remains.
5 views
Answered