Question

where should outstanding repairs should be placed in in final account​

Answer 1

Answer:

At the end of an accounting period, add up the total repairs and maintenance expenses you have recorded during the period. Write “Repairs and maintenance expense” and the total amount as a line item in the operating expenses section of your income statement

Answer 2

Answer:

At the end of an accounting period, add up the total repairs and maintenance expenses you have recorded during the period. Write “Repairs and maintenance expense” and the total amount as a line item in the operating expenses section of your income statement.