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Question
What do you understand by outstanding expenses?
Options:
A .  Expenses which have been incurred & paid
B .  Expenses which have been paid for a period exceeding the current financial year
C .  Expenses which have been incurred but not been paid
D .   Expenses which have not been incurred
Answer: Option C
:
C
Outstanding expenses are the expenses which have been incurred but not been paid yet.

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