What is the nature of Outstanding Expenses?
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Answer Posted / madhuri
outstanding expense is the expense which is due but not paid
yet..for e.g. HOUSE RENT DUE FOR THE CURRENT MONTH BUT NOT
PAID YET.. OUTSTANDING EXPENSE AND INCOME IS ONLY POSSIBLE
WHEN IT'S REVENUE IN NATURE....
| Is This Answer Correct ? | 8 Yes | 6 No |
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