Prior To The Adjusting Process, Accrued Expenses Have Been
Prior To The Adjusti ng Process, Accrued Expe nses have b ee n incurred b ut not paid and recorded in t he B o oks of Accou nts . T he adjusti ng entry is recorded at t he e nd of t he accou nting period is s how n b elow: Expe nses a/c XXX Accrued Expenses a/c XXX (Expenses Accrued for t he Period) For example, Accrued Salaries of Rs. 50000 shows those salaries which are not paid to employees b ut these are i ncurred b y the b...