Question

What is outstanding expenditure

Answer 1

Outstanding expenses are thoseexpenses which have been incurred during the current accounting period and are due to be paid, however, the payment is not made. Such an item is to be treated as a payable for the business. Examples – Outstandingsalary, outstanding rent, outstandingsubscription, outstanding wages, etc.

Answer 2

Outstanding expenses are those expenses which have been incurred during the current accounting period and are due to be paid, however, the payment is not made. Such an item is to be treated as a payable for the business. Examples – Outstanding salary, outstanding rent, outstanding subscription, outstanding wages, etc.