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Question
What are the effects of outstanding expenses?
What are the effects of outstanding expenses?
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Solution
Outstanding Expenses are added to Liabilities since it is the business’ present liability and is deducted from the capital since it causes a decline in the proprietor’s value.
Also see: Outstanding Expenses
Outstanding Expenses are added to Liabilities since it is the business’ present liability and is deducted from the capital since it causes a decline in the proprietor’s value.
Also see: Outstanding Expenses
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