Question

What do you understand by outstanding assets and outstanding liabilities?

Answer 1

Hi friend,

Outstanding Assets :- According to me , outstanding assets are those which is accrude income but not yet received.
Otherwise,

Outstanding assets are those assets over which the company has no immediate claim but recoverable at a later date or which can not converted into cash immediatly.

Outstanding Liabiality :- Any liabilities the executive may have to the company or its affiliates , including , without information any liabialities in respect of loan , outstanding loan or advance...i hope its helps

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