Accountancy, asked by aakashnair455, 23 days ago

Outstanding expenses 2,000 and outstanding income of 1,500 is to be recorded.

Answers

Answered by PappulaHemanth

1

Answer:

outstanding expenses is liability

outstanding income is asset

Explanation:

ExpensesA/cDr To outstandingexpensesA/c

outstanding incomeA/cDr To incomeA/c

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