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The expenses that have fallen due for payment but not paid are

A. Outstanding expenses

B. Deffered expenses

C. Accrues expenses

D. Prepaid expenses

Answer: Option A

Solution(By Examveda Team)

The expenses that have fallen due for payment but not paid are Outstanding expenses. Outstanding expenses are those expenses which have been incurred during the current accounting period and are due to be paid, however, the payment is not made.

This Question Belongs to Commerce >> Accounting

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