Accrued Expenses Are Ordinarily Reported On The Balance Sheet As What

 

Accrued Expenses or Outstanding Expenses or Expenses Payable are ordinarily recorded and reported on the balance sheet as Current Liabilities Under Liabilities & Equity section as these are the liabilities for the business to pay to persons who already provided their services to the company for the accounting period.

For example, Accrued Salaries of Rs. 500000 shows those salaries which the company liable to pay to employees for the month against the services rendered by them to the company’s business for this period.

So, Accrued Expenses or Accrued Liabilities are reported to financial statement i.e. on balance sheet as Liabilities i.e. current liabilities.