Which type of expense would be considered accrued?

Accrued expenses are costs that have been incurred in a period but have not yet been paid or recorded in the books, in line with the accrual basis of accounting. Rent that is due but not yet paid falls under this category because the company has utilized the space and therefore recognizes the expense in the period it relates to, despite not having made the payment yet. This aligns with the accounting principle that expenses should be recognized when they are incurred, not necessarily when cash is disbursed.

In contrast, an invoice that has not yet been received does not constitute an accrued expense because the obligation to pay is not formally recognized until the invoice is received. Salaries paid out at the end of the month, while they reflect a payroll expense, are not accrued in the context of the question since they are recorded when the payment is made. Utilities for the next billing cycle would be considered a prepaid expense if paid in advance or a future expense if billed after the service period, but they do not represent an accrued liability for the current period as the service has not yet been used when the question is framed.