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ANTI-BAGHOLDER

01/30/18 6:50 PM

#103712 RE: 1gumbi #103711

Yes accrued fees have to be on the balance sheet. Sheesh!

ANTI-BAGHOLDER

01/30/18 6:55 PM

#103713 RE: 1gumbi #103711

Let me help:

An accrued expense is an accounting expense recognized in the books before it is paid for. It is a liability, and is usually current. These expenses are typically periodic and documented on a company's balance sheet due to the high probability that they will be collected.

https://www.investopedia.com/terms/a/accruedexpense.asp