Quiz – Outstanding Expenses – MCQ – Accounting Capital Premium

Automatic checking along with explanations for each question after completion. Important: you can re-attempt unlimited times only till the time you score 90% or more after which the quiz can not be re-attempted. You can always see y

You can prepare for this quiz from our article here Three Types of Accounts in Accounting

Time Limit: Unlimited
Level: Easy to Medium
Question Type: MCQs
Passing Score: 90%
No. of Questions: 16

Quiz – Outstanding Expenses – MCQ

Outstanding expense is a contingent liability.

Outstanding expenses are paid _____.

Outstanding expenses are shown in _____.

The payment related to outstanding expense is made _____.

Outstanding expenses are treated as _____.

Outstanding expenses are also called _____ expenses.

Outstanding expense is a _____ account.

Outstanding expenses are recorded at the _____ of an accounting year.

‘Outstanding Expense A/C’ is _____ to record the journal entry for outstanding expenses.

_____ is an example of outstanding expense.

Credit Card Due = 10,000, Paid on Credit Card = 7,000, Outstanding Expense = _____.

Outstanding expenses are _____.

Expenses incurred but not yet paid are known as _____ expenses.

Outstanding expenses are shown under the head _____.

Outstanding expenses are also called _____.

Outstanding rent is treated as _____.

Result

0%