What is the nature of Outstanding Expenses?

Answer Posted / a . kalyan

The expenses which have been incurred but not yet paid in
current year . but it paid in next year is called
outstanding expenses.
For example: The salaries not paid to employes for current
month that salaries paid in next month is called
outstanding expenses.

Is This Answer Correct ?    11 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

in accounts welding institute which category will come for example 1. recruitment con.pvt ltd. is man power recruit category ,so iwant to welding institute (learning welding and fibrication)

1656


Is commodities transaction tax a permissible business expenditure? Explain

1723


What is corporate restructuring?

2035


Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question

1711


what is crisil?what is the advantage of crisil rating?

3225






i need sbi bank clerk exam model question papers

1934


can any one send me payables real time scenarious or any projects

1648


Give a brief explanation of the fundamental accounting concept of prudence

1725


What is COVER payment?

2220


what is non stock?

2221


what is the use of special general ledger if the normal trasaction in usage.

1626


what is difference between venture capital financing and equity financing?

1514


what is payment method?How many payment method we can assign to company code.

1255


What is the process of VAT & CST Registration?

2013


While selling fertilisers can we charge VAT on excise duty.

1589