Classified as asstes in balance sheet and as an expense in profit & loss
cash
Accrued expenses are those expenses the benefit of which has already taken by the business but the payment is not yet cleared that's why it is the liability of business.
INCREASE
Investing Activities
To dissolve your business you can sell your assets and file a form with the Secretary of your state. You will also need to pay your business expenses.
The answer is (C ) Outstanding expenses, as these are liabities of business and not an asset.
Preliminary expenses are neither administrative expenses nor selling expenses rather these are classified as other assets in balance sheet and amortized over period of life of business.
Those costs which used in business for more than one fiscal year treated as fixed assets.
Assets become expenses when their economic benefits expire.
Preliminary expenses are those expenses which incurred before start of actual operations so these are assets of business and shown in asset side of balance sheet as other assets and then amortized over period of time through income statement.
A treasurer is the person who monitors the cash and other assets of a group or business, and may monitor expenses as well.
Depreciation is a way to match expenses for an assets that was purchased in a different accounting cycle. As the assets produces income, the expenses of the asset is then matched in following accounting cycles. It is considered an operating expense, since the matching assets is used for business operations.