Accrued Expenses Are Ordinarily Reported On The Balance Sheet As What
Accrued Expe nses or Outstanding Expenses or Expenses Payab le are ordi narily recorded and reported on t he b ala nce s heet as C urre nt Liab ilities U nder Liab ilities & Equity sectio n as t hese are the lia b ilities for the b usi ness to pay to persons w ho already provided their services to the compa ny for t he accou nting period. For example, Accrued Salaries of Rs. 500000 s hows those salaries w hich the compa ny liab le to pay to employees for the mo nt h agai nst t he services re ndered b y them to the compa ny’s b usi ness for t his period. So, Accrued Expe nses or Accrued Lia bilities are reported to fi na ncial stateme nt i.e. o n bala nce s heet as Lia bilities i.e. curre nt lia bilities.