Question

What is the entry passed for adjusting outstanding expenses?

• A.

  Expenses A/c Dr

  To Outstanding Expenses A/c

• B.

  Outstanding Expenses A/c Dr

  To Expenses A/c

• C.

  Outstanding Expenses A/c Dr

  To Cash A/c

• D.

  Expenses A/c Dr

  To Cash A/c

Answer 1

The correct option is A

Expenses A/c Dr

To Outstanding Expenses A/c

The correct entry is

Expenses A/c Dr

To Outstanding Expenses A/c