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What is the difference between accrual expense and accounts payable? Both are part of the current liability. Can we book an accrual even if the invoice has been issued? If not, why? -
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Mizael Partners - 💡 ACCRUED EXPENSES Recorded in a company's balance sheet, these expenses have been incurred but not yet paid. Remember, in accrual accounting, accrued expenses must be recorded in the
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