Accrued Expenses Are Expenses That ________

Multiple Choice

Accrued expenses are expenses that ________.

A) are likely to be incurred at a future time in a different financial year
B) have been incurred but for which bills have not yet been received
C) are long-term liabilities that have been incurred in a financial year
D) have been incurred and for which the bills have been received
E) are likely to be incurred at a future time in the same financial year