Meaning of Outstanding Expenses
How we at Bookkeeping Support Define the Meaning of Outstanding Expenses:
Outstanding Expenses’ are such expenses of the business which have been incurred during financial year but the payment for which has not been made
How AI Define the Meaning of Outstanding Expenses:
Outstanding expenses refer to expenses that have been incurred by a business but have not yet been paid as of the end of an accounting period. These expenses are also known as accrued expenses or accrued liabilities.
