A

Admin • 833.24K Points
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Q. Outstanding expense is a type of:

  • (A) Prepaid Expense
  • (B) Accrued Income
  • (C) Current Liability
  • (D) Non-Current Asset
  • Correct Answer - Option(C)
  • Views: 24
  • Filed under category Accounting
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Explanation by: Admin

Outstanding expenses are current liabilities because they are due for payment.

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