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Is outstandin...

Question

Is outstanding expenses a debt?

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Solution

Outstanding expenses are regarded as current liabilities that need to be paid within the same accounting period.

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Outstanding Expenses

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Q. Calculate Total Assets to Debt Ratio from the following information:


Particulars	₹	Particulars		₹
Total Assets	15,00,000	Bills Payable		60,000
Total Debts	12,00,000	Bank Overdraft		50,000
Creditors	90,000	Outstanding Expenses		20,000

From the following, calculate (a) Debt Equity Ratio (b) Total Assets to Debt Ratio (c) Proprietary Ratio.

	Rs
Equity Share Capital	75,000
Preference Share Capital	25,000
General Reserve	45,000
Accumulated Profits	30,000
Debentures	75,000
Sundry Creditors	40,000
Outstanding Expenses	10,000

Q. why outstanding expenses not included in debt to equity ratio?

Q. What is meant by Outstanding Expenses?

Q. Why Provision of Outstanding Expenses is required?

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