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    RiveraMylene's Avatar
    RiveraMylene Posts: 6, Reputation: 1
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    #1

    Sep 15, 2009, 01:15 AM
    Accrued expenses
    Hi, Are accrued expenses be part of the balance sheet or income statement report? Kindly advise thanks
    ArcSine's Avatar
    ArcSine Posts: 969, Reputation: 106
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    #2

    Sep 15, 2009, 05:15 AM
    Both. Think about the typical accrued-expense journal entry. Where does the debit go, and where does the credit go?
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