Question

what is outstanding expenses ?​

Answer 1

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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. Outstanding expenses are recorded in books of finance at the end of an accounting period to show the true numbers of a business.

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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.