Question

why do we book outstanding expenses​

Answer 1

Answer:

The outstanding expense is apersonal account and is treated as a liability for the business. It is also shown on the liability side of a balance sheet. If O/S Expenses already appear inside the trial balance then it implies that the adjusting entry has already been passed.

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Answer 2

Answer:

The outstanding expense is a personal account and is treated as a liability for the business. It is also shown on the liability side of a balance sheet. If O/S Expenses already appear inside the trial balance then it implies that the adjusting entry has already been passed

Explanation:

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