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Outstanding expenses and Provision for any expense will
come under liability side...?
Though it is basic question, it is to ensure the answer.
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Answer Posted / anjan kumar
Both outstanding expenses and provision for any expense
will be treated as liability for the future period, hence
it will be treated as liability and shown in the liability
side under the heading current liabilities and provisions
of the balance sheet of the company.
| Is This Answer Correct ? | 20 Yes | 4 No |
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