Outstanding Expenses Quiz Copy
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Question 1 of 7
1. Question
Outstanding expenses are
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Question 2 of 7
2. Question
Outstanding expense is shown under the ___________ head of balance sheet.
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Question 3 of 7
3. Question
Ram paid rent of Rs.45,000 in the current year. The actual rent is Rs. 4,000 per month. What is the hidden amount indicated?
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Question 4 of 7
4. Question
Entries made at the end of the accounting period to correct and update the record of business transactions are called:
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Question 5 of 7
5. Question
Expenses against which goods or services have been received but payment has not been made are called:
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Question 6 of 7
6. Question
Treatment of outstanding expenses in the profit and loss account is:
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Question 7 of 7
7. Question
Outstanding expenses are a:
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