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Will out standing expenses falls under preliminary expenses in balance sheet are not

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Will out standing expenses falls under preliminary expenses in balance sheet are not..

Answer / raghuvstar@gmail.com

Will o/s Expense Falls under Current liabilities of Balance sheet.

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Will out standing expenses falls under preliminary expenses in balance sheet are not..

Answer / sandeep muthyala

Out standing Expenses are treated as current liabilities, which posted on liabilities side on B/S..

It differs from preliminary Expenses

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