Question

What do you understand by outstanding expenses?

• A. Expenses which have been incurred & paid
• B. Expenses which have been paid for a period exceeding the current financial year
• C. Expenses which have been incurred but not been paid
• D. Expenses which have not been incurred

Answer 1

The correct option is C Expenses which have been incurred but not been paid

Outstanding expenses are the expenses which have been incurred but not been paid yet.