Which account is debited while passing the adjustment entry for outstanding expenses?

Outstanding expense account

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Prepaid expense account

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Expense account

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None of the above

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Solution

The correct option is C
Expense account

The correct adjusting entry is

Expense A/c Dr
To Outstanding expense A/c

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Which account is debited while passing the adjustment entry for outstanding expenses?

The correct option is C Expense account The correct adjusting entry is Expense A/c Dr To Outstanding expense A/c

The correct option is C
Expense account

The correct adjusting entry is

Expense A/c Dr
To Outstanding expense A/c