Education and Career Forum

what is outstanding expenses and outstaning income ? and give me some examples?

what is meant by outstanding expenses, outstanding liabilities, outstanding salaries?

outstanding income means the income which has become due during the accounting year but which has not so far been received by the firm.

is outstanding expenses a personal account

What is the meaning of Outstanding Expenses

what is meant by outstanding expences

S outstanding income is a personal (representative) A/C.

plz tell me outstanding income with examples and outstanding liability on brief

outstanding expenses are those expenses which have become due during the accounting period but which has not yet been paid
outstanding incomes means the income which has been earned by the business during the accounting period but not yet become due.

I have some doubt on the defination of outstanding income
Is this explaination is right for outstanding income that when we not so far get the remuneration from the firm

Dear Aspirant

Hear i will tell you the Outstanding expenses and the Outstanding Income are as under:

Outstanding Income:
Outstanding Income means income which has become due during the accounting year but which has not so far been received by the firm.

Outstanding Expenses:
Outstanding Expenses refer to those expenses which have become due during the accounting period for which the Final Accounts have been prepared but have not yet been paid.