credit because it is a liability.
Debit in your Income statement credit in your balance sheet.
Accrued expenses are also expenses which are accrued but not paid yet so these are also shown in debit side of trial balance.
accrued expense has debit balance like all other expenses.
All expenses has debit balance as normal default balance while all income has credit balance as normal default balance.
Credit; liability accounts are always credit
Debit in your Income statement credit in your balance sheet.
Accrued expenses are also expenses which are accrued but not paid yet so these are also shown in debit side of trial balance.
[Debit] Accrued traveling expenses [Credit] Accrued expenses payable
accrued expense has debit balance like all other expenses.
As you accrue expenses, they show up as a CREDIT on the balance sheet, and a DEBIT on the income statement. Then as you actually incur the expense and pay out, you would CREDIT your cash account, and DEBIT the accrued liability account on the balance sheet. For example, if you expect to spend $12,000/year on business travelling expenses, you would accrue $1000 monthly as a CREDIT to your accrued liability account (on the balance sheet), then a DEBIT to the expense account (on the income statement). When you actually do incur the expense and pay out, you CREDIT your cash account, and DEBIT the accrued liability account. Thus, the accrued liability account is cleared out and eventually washed out to zero.
An Expense would normally have a debit balance.
Accrued expenses are entered as liabilities in the general ledger. Debit expense and credit accrued liability.
[Debit] Selling Expenses [Credit Selling expense payable
All expenses has debit balance as normal default balance while all income has credit balance as normal default balance.
Credit; liability accounts are always credit
All kind of expenses have debit balances so wages and salaries expenses have also debit balance instead of credit balance.
Accrued expenses are paid after being put on the company's financial books. Every entry that is adjusted for accrued expenses is listed as a debit on an expense account, increased expenses on an income statement, net income reduction, credit on a payable account, and increased liability on the company's balance sheet.