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    qquichocho's Avatar
    qquichocho Posts: 2, Reputation: 1
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    #1

    Nov 27, 2010, 12:29 PM
    What are expenses that have been incurred but yet to be paid
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    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.
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