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now letamp;#39;s talk about what accrued expenses are and why they require adjusting entries at the end of the accounting period so accrued expenses are just expenses that have been incurred or generated but not yet paid so remember the definition of the word accrued all accrued means is something has accumulated but has not yet been paid in this case itamp;#39;s an expense that has accumulated but has not yet been paid and it will result in a liability since it has not been paid so what are some examples the two main examples weamp;#39;ll be talking about are salaries payable at the end of the accounting period these are salaries that are owed but have not yet been paid because the end of the accounting period is not a payday usually and the other one is interest payable so at the end of the accounting period you will likely owe some interest but has not yet been paid because the end of the accounting period usually does not pay on usually does not fall on the exact day tha
