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What is outstanding expense? - Accounts

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Question

What is outstanding expense?

Very Short Answer
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Solution

Expenses that have been incurred in the accounting period but not paid till the end of the accounting period are called outstanding expenses.

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Chapter 13: Final Accounts of Sole Proprietors - 2 - Very short answer questions [Page 309]

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Samacheer Kalvi Accountancy [English] Class 11 TN Board
Chapter 13 Final Accounts of Sole Proprietors - 2
Very short answer questions | Q II 2. | Page 309
D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 15 Project Work
PROJECT WORK PROBLEMS | Q 1. | Page P-29
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