EXPENSES QUESTION Calculate expenses incurred for the year 2007 from, the following details given below: & ANSWER Expenses Outstanding 1/1/2007 Expenses paid during. 2007 Expenses paid-in-advance on 1/1/2007 } Expenses Outstanding on 31/12/2007 Expenses paid-in-advance on 31/12/2007 ...350/- 9 10 1- 300/- 430/- /-