Q

QuestionAccounting

The question asks us to identify the option that is not an expense account. Expense accounts are accounts in accounting that record costs associated with a company's operations.

A. Repairs expense - This is an expense account as it records the cost of repairs made to company assets. B. Rent expense - This is an expense account as it records the cost of renting property, plant, or equipment. C. Accrued expenses - This is an expense account as it records liabilities that have been incurred but not yet paid. D. Advertising expense - This is an expense account as it records the cost of advertising and promotional activities. E. Interest expense - This is an expense account as it records the cost of borrowing funds from external sources.

From the options listed above, the only one that is not an expense account is option C, "Accrued expenses." Although accrued expenses are related to expenses incurred but not yet paid, the account itself is a liability account, not an expense account.