Question

Amit has incurred an expenses of Rs. 5,000 towards repairs. However, the
amount is yet to be paid. How will it be shown in the accounting equation?
Your answer​

Answer 1

Explanation:

However, the amount is yet to be paid. It is an outstanding expense. ... It will be shown in the accounting equation as deduction form capital and as an Outstanding Expense on the Liabilitie side .

Answer 2

Answer:

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