Are you confused between Accounts Payable vs. Accrued Expense? Here are real life examples [Video]

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Chapters:
00:00 Summary of video
01:10 Definition of Accounts Payable and Accrued Expenses
03:00 How to locate on the financial statements
04:34 How to record Accounts Payable
06:59 How to record Accrued Expense – example vacation liability

I got some questions around the difference between Accounts Payable and Accrued Expenses. I made this video to clarify with examples.

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