Accountancy, asked by mdev7108, 1 month ago

outstanding expenses is record
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Answers

Answered by vishistagangarapu
1

Answer:

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Answered by rekhadeviturukdiha
0

Answer:

The outstanding expense is a personal account and is treated as a liability for the business. It is shown on the liability side of the balance sheet. Outstanding expenses are recorded in the books of finance at the end of an accounting period to show the accurate and true figures of the business.

Explanation:

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