outstanding expenses are the expenses that "unpaid"at the
end of the accounting period e.g.salaries rent so they all
come to under nominal accounts which is debt all expenses
and losses and credit all gains
since they are unpaid hence they must be credited
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Answer Posted / Santosh Kumar Paswan
Outstanding expenses are the expenses that remain unpaid at the end of the accounting period. These expenses are recorded in the nominal accounts under debt (expenses and losses) because they are yet to be paid, although they are due and will eventually reduce the assets.
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