Q139
_______ is the expense which is unpaid at the end of the accounting period
A.
Outstanding expenses
AnswerB.
Prepaid expenses
C.
Proposed expenses
D.
Working capital
Answer: Option A
Solution
Answer: Option A
Solution:
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.