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View Full Version : What are expenses that have been incurred but yet to be paid


qquichocho
Nov 27, 2010, 12:29 PM

pready
Nov 27, 2010, 05:50 PM
There are a lot expenses that are incurred by a business but yet to be paid. For an example Salaries you will Debit Salaries Expense and Credit Salaries Payable.