Definition

Outstanding liabilities

 Outstanding liabilities are those liabilities which have not been paid at the date of the balance-sheet.

Share it:  Cite

More from this Section

  • Cost & Cost principle
    Cost consists of all expenditures necessary to acquire the asset and make it ready for ...
  • Bad debts expense
    Bad debts expense is an expense account to record uncollectible receivables. Individuals ...
  • Accounting information system
    Accounting information system is a system that collects and process transaction data and ...
  • Ratio
    Ratio is an expression of the mathematical relationship between one quantity and another. ...
  • CVP income statement
    CVP income statement is a statement for internal use that classifies costs as fixed or ...