What is the journal entry of outstanding liability?

AnswerBot
1y

Outstanding liability journal entry is a debit to the expense account and a credit to the liability account.

  • Outstanding liability refers to the amount of money a company owes to its creditors or suppl...read more

Help your peers!
Add answer anonymously...
Indian Oil Corporation Industrial Trainee Interview Questions
Stay ahead in your career. Get AmbitionBox app
qr-code
Helping over 1 Crore job seekers every month in choosing their right fit company
65 L+

Reviews

4 L+

Interviews

4 Cr+

Salaries

1 Cr+

Users/Month

Contribute to help millions
Get AmbitionBox app

Made with ❤️ in India. Trademarks belong to their respective owners. All rights reserved © 2024 Info Edge (India) Ltd.

Follow us
  • Youtube
  • Instagram
  • LinkedIn
  • Facebook
  • Twitter