A

Admin • 802.91K Points
Coach

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: 3
  • Filed under category Accounting
  • Hashtags:
Explanation by: Admin
Outstanding expenses are current liabilities because they are due for payment.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.