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entry for outstanding expenses
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Answer Posted / saurabh
expenses. a/c dr
to outstanding expenses a/c cr
(Being provision made for those expenses are not paid and
releted to same month & same financial year ended but which
is payable on next month & next financial year and shown on
the liabilities side of balance shhet in previous year)
outstanding expenses a/c dr
to cash/ Bank a/c cr
( closing entry will be pass in next month & next financial
year in the starting)
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