Question

What is another name for outstanding expenses?

Answer 1

The outstanding expense is those which has been incurred and consumed during the accounting period and are due to be paid.The outstanding expense is a personal account and is shown on the liabilities side of balance sheet.whenexpenses are not paid on time they areoutstanding.In accounting, we have to make a journal 

Answer 2

The outstanding expense is those which has been incurred and consumed during the accounting period and are due to be paid.The outstanding expense is a personal account and is shown on the liabilities side of balance sheet.when expenses are not paid on time they are outstanding.In accounting, we have to make a journal ...