An expense which has been paid during the current financial period and where part of the expense relates to a future financial period is considered to be alan ... in the statement of financial position. A. accrued expenses. B. accrued income. C. Inventories. D. prepaid expenses. E. income received in advance. Which one of the following accounts is not a liability account? A. Trade payables. B. Accrued expenses. C. Prepaid expenses. D. Income received in advance. E. Bank overdraft. Reset Selection