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entry for outstanding expenses
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Answer Posted / tushar
When expenses became due or provision for any expences:-
Expenses A/c Dr.
To Outstanding Expences/Expences Payable A/c
At the time of payment of outstanding expences;-
Outstanding Expences/ Expenses Payable A/C Dr.
To Cash/Bank A/c.
| Is This Answer Correct ? | 9 Yes | 3 No |
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