Accountancy, asked by aadyaseth451, 1 month ago

How would you treat the 'Outstanding Expenses' while preparing accounting equation?

Answers

Answered by syedafzal82286

Explanation:

Outstanding Expenses are added to Liabilities because it is business' CURRENT LIABILITY and deducted from CAPITAL because it causes a decrease in owner's equity.

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How would you treat the 'Outstanding Expenses' while preparing accounting equation?​

Answers

How would you treat the 'Outstanding Expenses' while preparing accounting equation?