An item in the balance sheet of a limited liability compa...
An item in the balance sheet of a limited liability company is
Accrued expenses
Lighting and heating
Salaries and wages
General expenses
Correct answer is A
Accrued expense is expense which has been incurred but not yet paid. Expense must be recorded in the accounting period in which it is incurred. Therefore, accrued expense must be recognized in the accounting period in which it occurs rather than in the following period in which it will be paid.
It can be found on the liabilities part of a balance sheet of a limited liability company
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