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Accrued Expenses vs Accounts Payable: What’s the Difference?

par phil | Nov 16, 2021 | Bookkeeping

For example, consider a company’s employees are paid on the 1st of every month for their previous month’s services. Therefore, upon preparing the balance sheet for the current financial year, employee wages for December would be covered under accrued expenses since...

Accrued Expenses vs Accounts Payable: What’s the Difference?

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