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What adjustment is made of outstanding expenses while preparing final accounts? - Accounts

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प्रश्न

What adjustment is made of outstanding expenses while preparing final accounts?

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उत्तर

Outstanding expenses are added to the related expense in the Profit and Loss Account and are also shown as a liability in the Balance Sheet, since they are unpaid amounts owed by the business.

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अध्याय 15: Project Work - PROJECT WORK PROBLEMS [पृष्ठ P-29]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
अध्याय 15 Project Work
PROJECT WORK PROBLEMS | Q 3. | पृष्ठ P-29
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