Expneses

Accountancy

How incurrence of liabilities is considered as expense ?

Anjali S

CA Inter

★ 0

07-Oct-23 21:51

408

Answers (1)

Best Answer

When you postpone payment for an expense, you are incurring new liability. Like rent or salary payable.

Aswin Chandar

CA Final

★ 40K+

08-Oct-23 18:24

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