Home / Computer Fundamentals / Tally :: Discussion

Discussion :: Tally

  1. _______ is the expense which is unpaid at the end of the accounting period

  2. A.

     Outstanding expenses

    B.

     Prepaid expenses

    C.

     Proposed expenses

    D.

     Working capital

    View Answer

    Workspace

    Answer : Option A

    Explanation :

    Outstanding expenses are those expenses which have been incurred during the current accounting period and are due to be paid, however, the payment is not made. Such an item is to be treated as a payable for the business.


Be The First To Comment