Accountancy, asked by Sidharths79, 1 day ago

Rent A/c Dr. To Outstanding Rent A/c narration​

Answers

Answered by Anonymous
3

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Outstanding Expenses Meaning

The outstanding expense is a personal account with a credit balance and is treated as a liability for the business. It is recorded on the liability side of the balance sheet of a business.

Answered by AllenGPhilip
0

Answer:

Explanation:

Rent           A/c           DR  amt

To Outstanding Rent A/c           amt

( An accrual of amt  for

 rent)

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