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Journal Entry for Outstanding Expenses

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Outstanding expenses are those expenses that are related to the same accounting period in which accounts are being made but are not yet paid.

Journal Entry: 

 

Example 1: Salaries due to employees ₹11,000.

Solution:

 

Example 2: Rent due to landlord ₹20,000.

Solution:

 


Last Updated : 05 Apr, 2023
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