Difference between acrrued expenses, outstanding expenses and accounts

1.	Difference between acrrued expenses, outstanding expenses and accounts payable
Answer» Answer: accrued expenses are the expenses which are incurred on BUSINESS activities but not yet PAID , they are STILL left to be paid outstanding expenses is incurred on business during its normal course but is due accounts payable are our liability to be paid to our supplier or creditors like short TERM LOANS

Difference between acrrued expenses, outstanding expenses and accounts payable

Answer»

Answer:

accrued expenses are the expenses which are incurred on BUSINESS activities but not yet PAID , they are STILL left to be paid

outstanding expenses is incurred on business during its normal course but is due

accounts payable are our liability to be paid to our supplier or creditors like short TERM LOANS

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Difference between acrrued expenses, outstanding expenses and accounts payable

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