What Is a Preview,and What Does It Do

question 71

Essay

What is a preview,and what does it do?

---

Definitions:

Accrued Expenses

Expenses that have been incurred but not yet paid, recognized in the accounting period they are incurred, not when they are paid.

Cash Is Paid

A transaction method where payment for goods or services is made with cash at the point of sale or billing.

Accrued Expenses

Expenses that have been incurred but not yet paid, recognized in accounting even in the absence of supplier invoices.

Incurred During

Refers to costs or expenses that happen within a specific time period.